Rtx Corp(NYSE:RTX) 
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segmen...
Website: http://www.rtx.com
Founded: 1922
Full Time Employees: 243,200
CEO: Gregory J. Hayes
Sector: Industrials
Industry: Aerospace & Defense
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At a glance:
- Defense Backlog Supports Multi-Year Revenue Visibility: RTX benefits from a large, long-duration defense backlog across key programs (e.g., missiles, air defense, and advanced systems), providing resilience and clearer forward demand amid geopolitical tensions.
- Commercial Aerospace Upswing Drives Pratt & Whitney and Collins Demand: Rising global air traffic and aircraft production rates support aftermarket and OE growth for Collins Aerospace and Pratt & Whitney, with aftermarket typically carrying stronger margins and cash generation.
- Geared Turbofan (GTF) Powder Metal Issue Remains a Key Overhang: Inspections, shop visits, and compensation related to Pratt & Whitney GTF engine durability issues continue to pressure near-term profit and free cash flow, with execution on remediation and turnaround time critical.
- Margin and Cost Initiatives Continue, but Execution Risk Persists: Management focus on operational efficiency, supply-chain stabilization, and cost actions can support margin recovery; however, ramp complexity, labor constraints, and supplier performance remain variables.
- Capital Return and Balance Sheet Priorities Balanced Against Uncertainty: RTX’s capital allocation mix (dividends, buybacks, debt management) is influenced by cash needs tied to the GTF remediation and program investments, making free-cash-flow cadence a primary investor focus.
Bull Thesis:
- Sustained Global Defense Spending & Geopolitical Tailwinds: Ongoing conflicts and heightened geopolitical tensions worldwide are driving increased defense budgets globally. As a leading provider of advanced missile systems, air defense, radars, and intelligence solutions, RTX is uniquely positioned to benefit from this sustained demand for its core defense products and services, ensuring a robust order pipeline.
- Robust Commercial Aerospace Recovery and Aftermarket Expansion: The global commercial aerospace sector continues its strong post-pandemic recovery, leading to increased demand for new aircraft and, crucially, a surge in aftermarket services for existing fleets. RTX's Collins Aerospace and Pratt & Whitney segments are direct beneficiaries, with growing demand for engines, avionics, and high-margin maintenance, repair, and overhaul (MRO) services.
- Substantial Backlog Ensuring Long-Term Revenue Visibility: RTX boasts a massive, multi-year, multi-billion dollar backlog across its defense and commercial segments. This extensive order book provides significant revenue visibility and stability, insulating the company from short-term market fluctuations and supporting consistent future cash flows as these long-term contracts are executed.
- Strategic Investment in Next-Gen Technologies: RTX is a leader in developing cutting-edge technologies crucial for future defense and aerospace needs, including hypersonics, advanced sensing, AI-driven systems, and sustainable aviation solutions. These strategic investments position the company for long-term growth by securing future contracts and maintaining a competitive edge in critical, high-growth areas.
Bear Thesis:
- Significant Financial Headwinds from Pratt & Whitney GTF Engine Issues: The recently disclosed durability issues related to powdered metal in certain Pratt & Whitney GTF engine components necessitate extensive inspections and potential replacements. This situation is expected to incur substantial costs for RTX, including remediation, potential compensation to airlines for grounded aircraft, and disruptions to engine production and aftermarket services, significantly impacting near-term free cash flow and profitability.
- Persistent Supply Chain Disruptions and Inflationary Pressures: RTX continues to grapple with persistent global supply chain constraints, particularly for critical components and skilled labor. Coupled with elevated inflationary pressures on raw materials and labor costs, these factors are hindering production rates, increasing operational expenses, and compressing profit margins across various segments, making it challenging to meet demand efficiently.
- Elevated Debt Levels and Impact of Rising Interest Rates: Following significant acquisitions (e.g., Rockwell Collins), RTX carries a substantial debt load. In an environment of rising interest rates, the cost of servicing this debt increases, potentially impacting the company's free cash flow available for investments, share buybacks, or dividend growth. This could also limit financial flexibility for future strategic moves.
- Risk of Future Defense Budget Shifts and Program Delays: While current defense spending is robust, future shifts in government priorities, budget austerity measures, or the cancellation/delay of major defense programs could negatively impact RTX's defense segments. Large, complex programs are also inherently susceptible to cost overruns and schedule delays, which can erode profitability and customer confidence.
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Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2001-12-31 |
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net sales: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
products sales | 15,765,000,000 | 17,765,000,000 | 16,264,000,000 | 15,551,000,000 | 14,591,000,000 | 16,039,000,000 | 14,708,000,000 | 14,562,000,000 | 14,303,000,000 | 14,758,000,000 | 8,615,000,000 | 13,411,000,000 | 12,787,000,000 | 13,897,000,000 | 12,756,000,000 | 12,258,000,000 | 11,862,000,000 | 13,096,000,000 | 12,331,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
services sales | 6,311,000,000 | 6,473,000,000 | 6,214,000,000 | 6,030,000,000 | 5,715,000,000 | 5,584,000,000 | 5,381,000,000 | 5,159,000,000 | 5,002,000,000 | 5,169,000,000 | 4,849,000,000 | 4,904,000,000 | 4,427,000,000 | 4,196,000,000 | 4,195,000,000 | 4,056,000,000 | 3,854,000,000 | 3,948,000,000 | 3,882,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net sales | 22,076,000,000 | 24,238,000,000 | 22,478,000,000 | 21,581,000,000 | 20,306,000,000 | 21,623,000,000 | 20,089,000,000 | 19,721,000,000 | 19,305,000,000 | 19,927,000,000 | 13,464,000,000 | 18,315,000,000 | 17,214,000,000 | 18,093,000,000 | 16,951,000,000 | 16,314,000,000 | 15,716,000,000 | 17,044,000,000 | 16,213,000,000 | 15,880,000,000 | 15,251,000,000 | 16,419,000,000 | 14,747,000,000 | 14,061,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales - products | 13,000,000,000 | 14,915,000,000 | 13,593,000,000 | 12,989,000,000 | 12,283,000,000 | 13,591,000,000 | 12,336,000,000 | 12,625,000,000 | 12,216,000,000 | 12,347,000,000 | 9,289,000,000 | 11,089,000,000 | 10,700,000,000 | 11,574,000,000 | 10,493,000,000 | 10,040,000,000 | 9,820,000,000 | 10,828,000,000 | 10,296,000,000 | 9,997,000,000 | 9,974,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales - services | 4,482,000,000 | 4,606,000,000 | 4,305,000,000 | 4,216,000,000 | 3,907,000,000 | 3,797,000,000 | 3,719,000,000 | 3,516,000,000 | 3,528,000,000 | 3,571,000,000 | 3,461,000,000 | 3,429,000,000 | 2,945,000,000 | 2,952,000,000 | 2,971,000,000 | 2,816,000,000 | 2,740,000,000 | 2,788,000,000 | 2,793,000,000 | 2,658,000,000 | 2,563,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 627,000,000 | 789,000,000 | 684,000,000 | 697,000,000 | 637,000,000 | 808,000,000 | 751,000,000 | 706,000,000 | 669,000,000 | 757,000,000 | 712,000,000 | 729,000,000 | 607,000,000 | 716,000,000 | 662,000,000 | 698,000,000 | 635,000,000 | 810,000,000 | 676,000,000 | 657,000,000 | 589,000,000 | 710,000,000 | 642,000,000 | 695,000,000 | 671,000,000 | 732,000,000 | 743,000,000 | 728,000,000 | 586,000,000 | 589,000,000 | 554,000,000 | 582,000,000 | 609,000,000 | 577,000,000 | 582,000,000 | 588,000,000 | 541,000,000 | 546,000,000 | 606,000,000 | 602,000,000 | 677,000,000 | 666,000,000 | 624,000,000 | 630,000,000 | 631,000,000 | 610,000,000 | 590,000,000 | 525,000,000 | 547,000,000 | 495,000,000 | 526,000,000 | 485,000,000 | 433,000,000 | 459,000,000 | 397,000,000 | 344,000,000 | 384,000,000 | 409,000,000 | 436,000,000 | 434,000,000 | 411,000,000 | 481,000,000 | 399,000,000 | 416,000,000 | 382,000,000 | 384,000,000 | 370,000,000 | 369,000,000 | 335,000,000 | 318,000,000 | 291,000,000 | 296,000,000 | 313,000,000 | 308,000,000 | |
selling, general, and administrative | 1,476,000,000 | 1,638,000,000 | 1,436,000,000 | 1,573,000,000 | 1,448,000,000 | 1,574,000,000 | 1,389,000,000 | 1,449,000,000 | 1,394,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | 19,585,000,000 | 21,948,000,000 | 20,018,000,000 | 19,475,000,000 | 18,275,000,000 | 19,770,000,000 | 18,195,000,000 | 18,296,000,000 | 17,807,000,000 | 18,120,000,000 | 14,863,000,000 | 16,882,000,000 | 15,650,000,000 | 16,621,000,000 | 15,517,000,000 | 14,978,000,000 | 14,664,000,000 | 15,833,000,000 | 14,994,000,000 | 14,680,000,000 | 14,346,000,000 | 16,327,000,000 | 15,047,000,000 | 14,720,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 64,000,000 | 306,000,000 | 63,000,000 | 40,000,000 | 4,000,000 | 258,000,000 | 134,000,000 | -896,000,000 | 372,000,000 | -30,000,000 | 3,000,000 | 25,000,000 | 88,000,000 | 29,000,000 | 46,000,000 | 17,000,000 | 28,000,000 | 109,000,000 | 124,000,000 | 82,000,000 | 108,000,000 | 50,000,000 | 734,000,000 | 82,000,000 | -76,000,000 | 37,000,000 | 212,000,000 | 112,000,000 | 131,000,000 | 941,000,000 | 231,000,000 | 250,000,000 | 257,000,000 | 588,000,000 | 211,000,000 | 243,000,000 | 146,000,000 | 219,000,000 | 193,000,000 | 421,000,000 | 301,000,000 | 384,000,000 | 263,000,000 | 187,000,000 | 421,000,000 | 309,000,000 | 211,000,000 | 340,000,000 | 301,000,000 | 227,000,000 | -219,000,000 | -104,000,000 | -93,000,000 | 88,000,000 | 51,000,000 | 188,000,000 | 136,000,000 | 50,000,000 | 112,000,000 | 132,000,000 | 124,000,000 | 215,000,000 | 145,000,000 | 138,000,000 | 342,000,000 | ||||||||||
operating profit | 2,555,000,000 | 2,596,000,000 | 2,523,000,000 | 2,146,000,000 | 2,035,000,000 | 2,111,000,000 | 2,028,000,000 | 529,000,000 | 1,870,000,000 | 1,777,000,000 | -1,396,000,000 | 1,458,000,000 | 1,652,000,000 | 1,501,000,000 | 1,480,000,000 | 1,353,000,000 | 1,080,000,000 | 1,320,000,000 | 1,343,000,000 | 1,282,000,000 | 1,013,000,000 | 142,000,000 | 434,000,000 | -3,760,000,000 | 1,807,000,000 | 2,486,000,000 | 2,584,000,000 | 2,045,000,000 | 1,838,000,000 | 2,876,000,000 | 1,928,000,000 | 2,163,000,000 | 2,290,000,000 | 2,267,000,000 | 2,251,000,000 | 2,337,000,000 | 1,945,000,000 | 2,302,000,000 | 2,552,000,000 | 2,274,000,000 | 2,746,000,000 | 2,355,000,000 | 2,098,000,000 | 2,366,000,000 | 2,507,000,000 | 2,006,000,000 | 2,041,000,000 | 2,179,000,000 | 1,702,000,000 | 2,202,000,000 | 2,220,000,000 | 1,779,000,000 | 1,949,000,000 | 1,925,000,000 | 1,538,000,000 | 1,771,000,000 | 1,637,000,000 | 1,250,000,000 | 2,049,000,000 | 2,099,000,000 | 1,674,000,000 | 1,793,000,000 | 1,888,000,000 | 1,865,000,000 | 1,504,000,000 | 1,647,000,000 | 1,741,000,000 | 1,282,000,000 | 1,384,000,000 | 1,489,000,000 | 1,088,000,000 | 1,176,000,000 | 1,250,000,000 | ||
yoy | 25.55% | 22.97% | 24.41% | 305.67% | 8.82% | 18.80% | -245.27% | -63.72% | 13.20% | 18.39% | -194.32% | 7.76% | 52.96% | 13.71% | 10.20% | 5.54% | 6.61% | 829.58% | 209.45% | -134.10% | -43.94% | -94.29% | -83.20% | -283.86% | -1.69% | -13.56% | 34.02% | -5.46% | -19.74% | 26.86% | -14.35% | -7.45% | 17.74% | -1.52% | -11.79% | 2.77% | -29.17% | -2.25% | 21.64% | -3.89% | 9.53% | 17.40% | 2.79% | 8.58% | 47.30% | -8.90% | -8.06% | 22.48% | -12.67% | 14.39% | 44.34% | 0.45% | 19.06% | 54.00% | -24.94% | -15.63% | -2.21% | -30.28% | 8.53% | 12.55% | 11.30% | 8.86% | 8.44% | 45.48% | 8.67% | 10.61% | 60.02% | 9.01% | 10.72% | ||||||
qoq | -1.58% | 2.89% | 17.57% | 5.45% | -3.60% | 4.09% | 283.36% | -71.71% | 5.23% | -227.29% | -195.75% | -11.74% | 10.06% | 1.42% | 9.39% | 25.28% | -18.18% | -1.71% | 4.76% | 26.55% | 613.38% | -67.28% | -111.54% | -308.08% | -27.31% | -3.79% | 26.36% | 11.26% | -36.09% | 49.17% | -10.86% | -5.55% | 1.01% | 0.71% | -3.68% | 20.15% | -15.51% | -9.80% | 12.23% | -17.19% | 16.60% | 12.25% | -11.33% | -5.62% | 24.98% | -1.71% | -6.33% | 28.03% | -22.71% | -0.81% | 24.79% | -8.72% | 1.25% | 25.16% | -13.16% | 8.19% | 30.96% | -38.99% | -2.38% | 25.39% | -6.64% | -5.03% | 1.23% | 24.00% | -8.68% | -5.40% | 35.80% | -7.37% | -7.05% | 36.86% | -7.48% | -5.92% | |||
non-operating expense, net: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-service pension income | -355,000,000 | -101,000,000 | -364,000,000 | -351,000,000 | -366,000,000 | -384,000,000 | -374,000,000 | -374,000,000 | -386,000,000 | -446,000,000 | -443,000,000 | -447,000,000 | -444,000,000 | -467,000,000 | -468,000,000 | -474,000,000 | -480,000,000 | -164,500,000 | -253,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 390,000,000 | 400,000,000 | 449,000,000 | 457,000,000 | 443,000,000 | 486,000,000 | 496,000,000 | 475,000,000 | 405,000,000 | 488,000,000 | 369,000,000 | 333,000,000 | 315,000,000 | 318,000,000 | 311,000,000 | 329,000,000 | 318,000,000 | 276,000,000 | 358,000,000 | 342,000,000 | 346,000,000 | 349,000,000 | 350,000,000 | 335,000,000 | 380,000,000 | 401,000,000 | 360,000,000 | 431,000,000 | 258,000,000 | 234,000,000 | 229,000,000 | 223,000,000 | 226,000,000 | 213,000,000 | 225,000,000 | 225,000,000 | 223,000,000 | 184,000,000 | 216,000,000 | 218,000,000 | 186,000,000 | 206,000,000 | 225,000,000 | 226,000,000 | 217,000,000 | 236,000,000 | 216,000,000 | 168,000,000 | 129,000,000 | 138,000,000 | 141,000,000 | 149,000,000 | 182,000,000 | 192,000,000 | 186,000,000 | ||||||||||||||||||||
total non-operating expense | 35,000,000 | 299,000,000 | 85,000,000 | 106,000,000 | 77,000,000 | 102,000,000 | 122,000,000 | 101,000,000 | 19,000,000 | 42,000,000 | -74,000,000 | -114,000,000 | -129,000,000 | -149,000,000 | -157,000,000 | -145,000,000 | -162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 2,520,000,000 | 2,297,000,000 | 2,438,000,000 | 2,040,000,000 | 1,958,000,000 | 1,046,250,000 | 1,906,000,000 | 428,000,000 | 1,851,000,000 | 2,336,000,000 | 2,056,000,000 | 2,064,000,000 | 2,079,000,000 | 1,630,000,000 | 1,767,000,000 | 1,733,000,000 | 1,352,000,000 | 1,601,000,000 | 1,460,000,000 | 1,075,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 363,000,000 | 584,000,000 | 432,000,000 | 315,000,000 | 333,000,000 | 449,000,000 | 371,000,000 | 253,000,000 | 108,000,000 | 262,000,000 | -389,000,000 | 213,000,000 | 300,000,000 | 182,000,000 | 242,000,000 | 160,000,000 | 116,000,000 | 96,000,000 | 3,000,000 | 345,000,000 | -178,000,000 | 152,000,000 | 941,000,000 | 1,131,000,000 | 441,000,000 | 397,000,000 | 419,000,000 | 695,000,000 | 522,000,000 | 506,000,000 | 532,000,000 | 586,000,000 | 492,000,000 | 593,000,000 | 461,000,000 | 592,000,000 | 684,000,000 | 558,000,000 | 608,000,000 | 359,000,000 | 567,000,000 | 614,000,000 | 645,000,000 | 418,000,000 | 484,000,000 | 453,000,000 | 315,000,000 | 643,000,000 | 649,000,000 | 529,000,000 | 468,000,000 | 521,000,000 | 405,000,000 | 456,000,000 | 394,000,000 | 276,000,000 | -338,750,000 | -434,000,000 | -479,000,000 | 442,000,000 | -423,000,000 | -415,000,000 | 319,000,000 | -356,000,000 | -326,000,000 | -277,000,000 | -304,000,000 | ||||||||
net income | 2,157,000,000 | 1,713,000,000 | 2,006,000,000 | 1,725,000,000 | 1,625,000,000 | 863,250,000 | 1,535,000,000 | 175,000,000 | 1,743,000,000 | 1,652,000,000 | 1,498,000,000 | 1,511,000,000 | 1,422,000,000 | 407,000,000 | 1,421,000,000 | 1,430,000,000 | 1,101,000,000 | 1,299,000,000 | 1,212,000,000 | 947,000,000 | 1,145,000,000 | 1,066,000,000 | 799,000,000 | 1,269,000,000 | 1,275,000,000 | 1,000,000,000 | 1,060,000,000 | 1,197,000,000 | 1,148,000,000 | 819,000,000 | 996,000,000 | 1,103,000,000 | 768,000,000 | 821,000,000 | 971,000,000 | 651,000,000 | 722,000,000 | 837,000,000 | 579,000,000 | ||||||||||||||||||||||||||||||||||||
yoy | 32.74% | 98.44% | 30.68% | 885.71% | -6.77% | 5.66% | 29.16% | -68.67% | 17.24% | 51.00% | -3.84% | 21.86% | 51.69% | -25.37% | -10.20% | 6.60% | -24.62% | 6.02% | 11.06% | 22.10% | 6.43% | 8.52% | 49.48% | -0.24% | 2.57% | 69.43% | 6.37% | -1.91% | 67.70% | ||||||||||||||||||||||||||||||||||||||||||||||
qoq | 25.92% | -14.61% | 16.29% | 6.15% | 88.24% | -43.76% | 777.14% | -89.96% | 10.28% | 6.26% | 249.39% | -71.36% | -0.63% | 29.88% | -15.24% | 7.18% | 27.98% | -17.29% | 7.41% | 33.42% | -37.04% | -0.47% | 27.50% | -5.66% | -11.45% | 4.27% | 40.17% | -17.77% | -9.70% | 43.62% | -6.46% | -15.45% | 49.16% | -9.83% | -13.74% | 44.56% | |||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries’ earnings | 98,000,000 | 91,000,000 | 88,000,000 | 68,000,000 | 90,000,000 | 40,250,000 | 63,000,000 | 64,000,000 | 34,000,000 | 96,000,000 | 94,000,000 | 77,000,000 | 97,000,000 | 112,000,000 | 89,000,000 | 101,000,000 | 102,000,000 | 81,000,000 | 87,000,000 | 90,000,000 | 77,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareowners | 2,059,000,000 | 1,622,000,000 | 1,918,000,000 | 1,657,000,000 | 1,535,000,000 | 1,482,000,000 | 1,472,000,000 | 111,000,000 | 1,709,000,000 | 1,426,000,000 | -984,000,000 | 1,327,000,000 | 1,426,000,000 | 1,422,000,000 | 1,387,000,000 | 1,304,000,000 | 1,084,000,000 | 686,000,000 | 1,393,000,000 | 1,032,000,000 | 753,000,000 | 135,000,000 | 264,000,000 | -3,835,000,000 | -83,000,000 | 1,148,000,000 | 1,900,000,000 | 1,346,000,000 | 1,238,000,000 | 2,048,000,000 | 1,297,000,000 | 1,330,000,000 | 1,439,000,000 | 1,386,000,000 | 1,480,000,000 | 1,373,000,000 | 1,191,000,000 | 1,362,000,000 | 1,542,000,000 | 1,426,000,000 | 1,854,000,000 | 1,680,000,000 | 1,213,000,000 | 1,432,000,000 | 1,560,000,000 | 1,266,000,000 | 1,415,000,000 | 1,328,000,000 | 330,000,000 | 1,324,000,000 | 1,318,000,000 | 1,012,000,000 | 1,198,000,000 | 1,110,000,000 | 866,000,000 | 1,058,000,000 | 976,000,000 | 722,000,000 | |||||||||||||||||
earnings per share attributable to common shareowners: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.53 | 1.21 | 1.43 | 1.24 | 1.15 | 0.618 | 1.1 | 0.08 | 1.29 | 1.76 | 1.6 | 1.49 | 1.48 | 1.13 | 1.32 | 1.22 | 0.95 | 1.15 | 1.06 | 0.79 | 1.36 | 1.35 | 1.05 | 0.82 | 1.24 | 1.19 | 0.85 | 1.02 | 1.12 | 0.78 | 0.83 | 0.98 | 1.31 | 1.46 | 1.69 | 1.16 | |||||||||||||||||||||||||||||||||||||||
diluted | 1.51 | 1.19 | 1.41 | 1.22 | 1.14 | 0.613 | 1.09 | 0.08 | 1.28 | 1.73 | 1.58 | 1.47 | 1.45 | 1.11 | 1.3 | 1.2 | 0.93 | 1.14 | 1.05 | 0.78 | 1.33 | 1.32 | 1.03 | 0.798 | 1.21 | 1.16 | 0.82 | 0.99 | 1.09 | 0.76 | 0.81 | 0.95 | 1.28 | 1.43 | 1.66 | 1.14 | |||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 1,445,000,000 | 1,401,000,000 | 1,635,000,000 | 1,398,000,000 | 1,379,000,000 | 1,391,000,000 | 1,424,000,000 | 1,469,000,000 | 1,407,000,000 | 1,229,000,000 | 1,368,000,000 | 1,220,000,000 | 1,351,000,000 | 1,401,000,000 | 1,811,000,000 | 2,248,000,000 | 2,104,000,000 | 2,106,000,000 | 1,997,000,000 | 1,681,000,000 | 1,759,000,000 | 1,711,000,000 | 1,524,000,000 | 1,538,000,000 | 1,482,000,000 | 1,390,000,000 | 1,451,000,000 | 1,363,000,000 | 1,359,000,000 | 1,543,000,000 | 1,563,000,000 | 1,580,000,000 | 1,623,000,000 | 1,596,000,000 | 1,633,000,000 | 1,737,000,000 | 1,627,000,000 | 1,619,000,000 | 1,509,000,000 | 1,535,000,000 | 1,578,000,000 | 1,644,000,000 | 1,543,000,000 | 1,478,000,000 | 1,491,000,000 | 1,424,000,000 | 1,424,000,000 | 1,574,000,000 | 1,483,000,000 | 1,665,000,000 | 1,775,000,000 | 1,635,000,000 | 1,711,000,000 | 1,508,000,000 | 1,494,000,000 | 1,396,000,000 | 1,338,000,000 | 1,378,000,000 | 1,314,000,000 | 1,295,000,000 | 1,355,000,000 | 1,213,000,000 | 1,070,000,000 | 1,088,000,000 | 1,105,000,000 | ||||||||||
income from continuing operations before income taxes | 1,735,000,000 | -1,322,000,000 | 1,572,000,000 | 1,781,000,000 | 1,650,000,000 | 1,637,000,000 | 1,498,000,000 | 1,242,000,000 | 867,000,000 | 1,476,000,000 | 1,430,000,000 | 1,158,000,000 | 37,000,000 | 337,000,000 | -3,858,000,000 | 1,940,000,000 | 2,064,000,000 | 2,054,000,000 | 2,026,000,000 | 2,112,000,000 | 1,722,000,000 | 2,118,000,000 | 2,560,000,000 | 2,149,000,000 | 1,873,000,000 | 2,140,000,000 | 2,290,000,000 | 1,770,000,000 | 1,825,000,000 | 2,011,000,000 | 1,573,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 1,473,000,000 | -933,000,000 | 1,359,000,000 | 1,481,000,000 | 1,468,000,000 | 1,395,000,000 | 1,338,000,000 | 1,126,000,000 | 771,000,000 | 1,473,000,000 | 1,088,000,000 | 813,000,000 | 215,000,000 | 185,000,000 | -3,820,000,000 | 1,434,000,000 | 1,532,000,000 | 1,468,000,000 | 1,534,000,000 | 1,519,000,000 | 1,261,000,000 | 1,526,000,000 | 1,952,000,000 | 1,790,000,000 | 1,306,000,000 | 1,526,000,000 | 1,645,000,000 | 1,352,000,000 | 1,341,000,000 | 1,558,000,000 | 1,258,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries’ earnings from continuing operations | 47,000,000 | 51,000,000 | 32,000,000 | 55,000,000 | 46,000,000 | 8,000,000 | 34,000,000 | 23,000,000 | 86,000,000 | 73,000,000 | 48,000,000 | 41,000,000 | 69,000,000 | 34,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations attributable to common shareowners | 1,426,000,000 | -984,000,000 | 1,327,000,000 | 1,426,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations attributable to common shareowners | -19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to common shareowners - basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 0.305 | -0.68 | 0.91 | 0.98 | 0.643 | 0.94 | 0.88 | 0.74 | 0.533 | 0.93 | 0.69 | 0.51 | -0.62 | 0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -29,999,999.98 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to common shareowners - diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to common shareowners | -3,793,999,996.46 | 1,387,000,000 | 1,304,000,000 | 1,103,000,000 | 685,000,000 | 1,400,000,000 | 1,040,000,000 | 772,000,000 | 146,000,000 | 151,000,000 | -3,844,000,000 | 1,330,000,000 | 1,439,000,000 | 1,386,000,000 | 1,443,000,000 | 1,420,000,000 | 1,180,000,000 | 1,426,000,000 | 1,854,000,000 | 1,680,000,000 | 1,213,000,000 | 1,415,000,000 | 1,552,000,000 | 1,270,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | -3,183,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-service pension benefit | -368,000,000 | -491,000,000 | -490,000,000 | -491,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-operating income | -106,500,000 | -133,000,000 | -148,000,000 | -145,000,000 | 89,750,000 | 97,000,000 | 98,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, before tax | -7,750,000 | -1,000,000 | -10,000,000 | -20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from discontinued operations | 750,000 | 6,000,000 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | 1,000,000 | -7,000,000 | -8,000,000 | -19,000,000 | 168,000,000 | -138,000,000 | -853,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries’ earnings from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations attributable to common shareowners | 1,000,000 | -7,000,000 | -8,000,000 | -19,000,000 | -11,000,000 | 113,000,000 | 9,000,000 | 37,000,000 | -47,000,000 | 11,000,000 | -64,000,000 | 17,000,000 | 8,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -9,999,999.98 | -0.01 | 3,000,000 | 13,000,000 | -56,000,000 | -47,000,000 | 11,000,000 | -65,000,000 | 17,000,000 | 8,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product sales | 12,179,000,000 | 11,664,000,000 | 12,917,000,000 | 11,469,000,000 | 10,768,000,000 | 12,432,000,000 | 13,651,000,000 | 14,033,000,000 | 12,875,000,000 | 11,254,000,000 | 11,520,000,000 | 10,258,000,000 | 10,378,000,000 | 10,661,000,000 | 9,637,000,000 | 10,194,000,000 | 10,634,000,000 | 9,419,000,000 | 9,642,000,000 | 12,046,000,000 | 10,373,000,000 | 11,507,000,000 | 13,017,000,000 | 10,692,000,000 | 11,243,000,000 | 11,661,000,000 | 10,255,000,000 | 10,839,000,000 | 9,585,000,000 | 8,421,000,000 | 10,555,000,000 | 10,823,000,000 | 9,345,000,000 | 9,771,000,000 | 9,967,000,000 | 8,384,000,000 | 9,398,000,000 | 9,327,000,000 | 8,662,000,000 | 10,735,000,000 | 11,384,000,000 | 9,691,000,000 | 10,549,000,000 | 9,960,000,000 | 10,196,000,000 | 8,535,000,000 | 8,738,000,000 | 8,948,000,000 | 7,483,000,000 | 7,928,000,000 | 8,037,000,000 | 6,584,000,000 | 6,675,000,000 | 6,826,000,000 | 5,846,000,000 | ||||||||||||||||||||
service sales | 3,701,000,000 | 3,587,000,000 | 3,502,000,000 | 3,278,000,000 | 3,293,000,000 | 5,778,000,000 | 5,845,000,000 | 5,601,000,000 | 5,490,000,000 | 5,256,000,000 | 5,185,000,000 | 4,984,000,000 | 4,684,000,000 | 4,619,000,000 | 4,178,000,000 | 4,160,000,000 | 4,240,000,000 | 3,938,000,000 | 4,146,000,000 | 4,287,000,000 | 4,168,000,000 | 4,661,000,000 | 4,174,000,000 | 4,053,000,000 | 4,219,000,000 | 4,345,000,000 | 4,144,000,000 | 4,203,000,000 | 4,222,000,000 | 4,003,000,000 | 4,249,000,000 | 4,253,000,000 | 3,999,000,000 | 3,849,000,000 | 3,835,000,000 | 3,656,000,000 | 3,789,000,000 | 3,733,000,000 | 3,537,000,000 | 3,967,000,000 | 4,151,000,000 | 3,886,000,000 | 3,950,000,000 | 3,758,000,000 | 3,570,000,000 | 3,401,000,000 | 3,234,000,000 | 3,098,000,000 | 2,963,000,000 | 2,895,000,000 | 2,937,000,000 | 2,725,000,000 | 2,573,000,000 | 2,629,000,000 | 2,511,000,000 | ||||||||||||||||||||
income tax benefit | 342,000,000 | -38,000,000 | 40,000,000 | 7,000,000 | -10,000,000 | -9,000,000 | 105,000,000 | 77,000,000 | 69,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense from discontinued operations | -2,000,000 | -1,000,000 | 34,250,000 | -100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of products sold | 11,566,000,000 | 10,322,000,000 | 9,620,000,000 | 9,781,000,000 | 10,461,000,000 | 10,863,000,000 | 10,286,000,000 | 9,342,000,000 | 9,154,000,000 | 8,016,000,000 | 7,750,000,000 | 7,907,000,000 | 7,263,000,000 | 7,522,000,000 | 7,933,000,000 | 7,087,000,000 | 7,114,000,000 | 9,020,000,000 | 7,830,000,000 | 8,444,000,000 | 10,182,000,000 | 8,081,000,000 | 8,316,000,000 | 8,712,000,000 | 7,848,000,000 | 8,278,000,000 | 7,123,000,000 | 6,329,000,000 | 7,935,000,000 | 8,099,000,000 | 6,952,000,000 | 7,124,000,000 | 7,466,000,000 | 6,359,000,000 | 7,353,000,000 | 7,111,000,000 | 6,756,000,000 | 7,979,000,000 | 8,556,000,000 | 7,347,000,000 | 8,076,000,000 | 7,533,000,000 | 7,683,000,000 | 6,635,000,000 | 6,659,000,000 | 6,628,000,000 | 5,673,000,000 | 6,016,000,000 | 6,053,000,000 | 5,055,000,000 | 5,174,000,000 | 5,251,000,000 | 4,621,000,000 | ||||||||||||||||||||||
cost of services sold | 2,700,000,000 | 2,682,000,000 | 2,594,000,000 | 3,627,000,000 | 3,750,000,000 | 3,550,000,000 | 3,421,000,000 | 3,194,000,000 | 3,268,000,000 | 3,264,000,000 | 3,293,000,000 | 3,193,000,000 | 2,814,000,000 | 2,820,000,000 | 2,808,000,000 | 2,567,000,000 | 2,686,000,000 | 2,805,000,000 | 2,693,000,000 | 3,022,000,000 | 2,749,000,000 | 2,609,000,000 | 2,704,000,000 | 2,840,000,000 | 2,617,000,000 | 2,725,000,000 | 2,811,000,000 | 2,612,000,000 | 2,821,000,000 | 2,806,000,000 | 2,689,000,000 | 2,543,000,000 | 2,549,000,000 | 2,373,000,000 | 2,483,000,000 | 2,490,000,000 | 2,351,000,000 | 2,685,000,000 | 2,803,000,000 | 2,634,000,000 | 2,653,000,000 | 2,535,000,000 | 2,446,000,000 | 2,361,000,000 | 2,135,000,000 | 2,147,000,000 | 1,977,000,000 | 1,875,000,000 | 1,937,000,000 | 1,760,000,000 | 1,623,000,000 | 1,720,000,000 | 1,649,000,000 | ||||||||||||||||||||||
income from discontinued operations, net of tax | -89,000,000 | 113,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-service pension | -237,000,000 | -188,000,000 | -303,000,000 | -216,000,000 | -208,000,000 | -188,000,000 | -192,000,000 | -191,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment costs | 660,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations before income taxes | 955,000,000 | 2,388,000,000 | 2,440,000,000 | 1,822,000,000 | 1,768,000,000 | 2,834,000,000 | 1,890,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from operations | 14,000,000 | 1,257,000,000 | 1,999,000,000 | 1,425,000,000 | 1,349,000,000 | 2,139,000,000 | 1,368,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries' earnings from operations | 97,000,000 | 109,000,000 | 99,000,000 | 79,000,000 | 111,000,000 | 91,000,000 | 71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share of common stock - basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share of common stock - diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations attributable to common shareowners | 1.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries' earnings from continuing operations | 104,000,000 | 93,000,000 | 82,000,000 | 91,000,000 | 99,000,000 | 81,000,000 | 100,000,000 | 98,000,000 | 110,000,000 | 93,000,000 | 111,000,000 | 93,000,000 | 82,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 1,000,000 | 1,000,000 | 27,000,000 | 43,000,000 | 20,000,000 | 91,000,000 | -3,000,000 | 41,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal | -4,000,000 | -3,000,000 | -25,000,000 | -15,000,000 | -26,000,000 | -210,000,000 | -961,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal | 18,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries' earnings from discontinued operations | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction related expenses | -38,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: noncontrolling interest in subsidiaries' earnings | 110,000,000 | 72,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share of common stock: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.53 | 1.21 | 1.43 | 1.24 | 1.15 | 0.618 | 1.1 | 0.08 | 1.29 | 1.76 | 1.6 | 1.49 | 1.48 | 1.13 | 1.32 | 1.22 | 0.95 | 1.15 | 1.06 | 0.79 | 1.36 | 1.35 | 1.05 | 0.82 | 1.24 | 1.19 | 0.85 | 1.02 | 1.12 | 0.78 | 0.83 | 0.98 | 1.31 | 1.46 | 1.69 | 1.16 | |||||||||||||||||||||||||||||||||||||||
diluted | 1.51 | 1.19 | 1.41 | 1.22 | 1.14 | 0.613 | 1.09 | 0.08 | 1.28 | 1.73 | 1.58 | 1.47 | 1.45 | 1.11 | 1.3 | 1.2 | 0.93 | 1.14 | 1.05 | 0.78 | 1.33 | 1.32 | 1.03 | 0.798 | 1.21 | 1.16 | 0.82 | 0.99 | 1.09 | 0.76 | 0.81 | 0.95 | 1.28 | 1.43 | 1.66 | 1.14 | |||||||||||||||||||||||||||||||||||||||
comprehensive income | 1,238,000,000 | 2,235,000,000 | 1,515,000,000 | 908,000,000 | 2,546,000,000 | 721,000,000 | 904,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive income attributable to noncontrolling interest | 86,000,000 | 128,000,000 | 88,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to common shareowners | 1,152,000,000 | 2,107,000,000 | 1,427,000,000 | 847,000,000 | 2,427,000,000 | 654,000,000 | 819,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive income attributable to noncontrolling interests | 61,000,000 | 119,000,000 | 67,000,000 | 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on discontinued operations | 170,000,000 | -136,000,000 | -851,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareowners: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per share of common stock | 0.48 | 0.48 | 0.425 | 0.43 | 0.43 | 0.43 | 0.39 | 0.39 | 0.39 | 0.32 | 0.32 | 0.32 | 0.213 | 0.32 | 0.27 | 0.27 | 0.27 | 0.27 | 0.22 | 0.22 | 0.22 | 0.44 | 0.35 | 0.35 | 0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic shares | 888.8 | 892.9 | 898.7 | 906 | 910 | 914 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted shares | 901.9 | 909.8 | 914.9 | 919 | 925 | 929 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs, expenses and other: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 170,000,000 | 177,000,000 | 175,000,000 | 177,000,000 | 176,000,000 | 165,000,000 | 174,000,000 | 179,000,000 | 163,000,000 | 150,000,000 | 156,000,000 | 155,000,000 | 142,000,000 | 135,000,000 | 120,000,000 | 100,000,000 | 89,000,000 | 91,000,000 | 87,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average number of shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 917 | 919 | 918 | 933 | 944 | 952 | 241.5 | 963 | 966 | 968 | 980 | 983 | 984 | 992 | 995 | 496 | 496 | 496 | 498 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 929 | 929 | 926 | 951 | 966 | 975 | 247.75 | 989 | 990 | 993 | 1,006 | 1,009 | 1,009 | 1,015 | 1,018 | 508 | 505 | 505 | 508 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interests | 1,872,000,000 | 1,923,000,000 | 1,509,000,000 | 1,619,000,000 | 1,709,000,000 | 1,702,000,000 | 1,354,000,000 | 1,491,000,000 | 1,586,000,000 | 1,140,000,000 | 1,249,000,000 | 1,369,000,000 | 988,000,000 | 1,087,000,000 | 1,159,000,000 | 876,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 502,000,000 | 548,000,000 | 430,000,000 | 261,000,000 | 245,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in subsidiaries’ earnings | 101,000,000 | 100,000,000 | 79,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | -61,500,000 | -78,000,000 | -75,000,000 | 93,000,000 | -72,000,000 | -68,000,000 | 53,000,000 | -72,000,000 | -72,000,000 | -60,000,000 | -61,000,000 | 61,000,000 | 52,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing revenues and other income | 191,000,000 | 218,000,000 | 169,000,000 | 82,000,000 | 178,000,000 | 98,000,000 | 91,000,000 | 167,000,000 | 289,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.53 | 1.21 | 1.43 | 1.24 | 1.15 | 0.618 | 1.1 | 0.08 | 1.29 | 1.76 | 1.6 | 1.49 | 1.48 | 1.13 | 1.32 | 1.22 | 0.95 | 1.15 | 1.06 | 0.79 | 1.36 | 1.35 | 1.05 | 0.82 | 1.24 | 1.19 | 0.85 | 1.02 | 1.12 | 0.78 | 0.83 | 0.98 | 1.31 | 1.46 | 1.69 | 1.16 | |||||||||||||||||||||||||||||||||||||||
diluted | 1.51 | 1.19 | 1.41 | 1.22 | 1.14 | 0.613 | 1.09 | 0.08 | 1.28 | 1.73 | 1.58 | 1.47 | 1.45 | 1.11 | 1.3 | 1.2 | 0.93 | 1.14 | 1.05 | 0.78 | 1.33 | 1.32 | 1.03 | 0.798 | 1.21 | 1.16 | 0.82 | 0.99 | 1.09 | 0.76 | 0.81 | 0.95 | 1.28 | 1.43 | 1.66 | 1.14 | |||||||||||||||||||||||||||||||||||||||
average number of shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 917 | 919 | 918 | 933 | 944 | 952 | 241.5 | 963 | 966 | 968 | 980 | 983 | 984 | 992 | 995 | 496 | 496 | 496 | 498 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 929 | 929 | 926 | 951 | 966 | 975 | 247.75 | 989 | 990 | 993 | 1,006 | 1,009 | 1,009 | 1,015 | 1,018 | 508 | 505 | 505 | 508 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 6,818,000,000 | 7,435,000,000 | 5,966,000,000 | 4,782,000,000 | 5,157,000,000 | 5,578,000,000 | 6,682,000,000 | 6,011,000,000 | 5,607,000,000 | 6,587,000,000 | 5,456,000,000 | 5,391,000,000 | 5,893,000,000 | 6,220,000,000 | 5,381,000,000 | 4,767,000,000 | 6,040,000,000 | 7,832,000,000 | 7,476,000,000 | 8,051,000,000 | 8,579,000,000 | 8,802,000,000 | 10,001,000,000 | 6,975,000,000 | 8,001,000,000 | 7,341,000,000 | 6,819,000,000 | 6,240,000,000 | 13,799,000,000 | 11,068,000,000 | 7,667,000,000 | 8,523,000,000 | 9,345,000,000 | 7,156,000,000 | 7,107,000,000 | 6,785,000,000 | 7,215,000,000 | 5,477,000,000 | 5,933,000,000 | 5,281,000,000 | 5,035,000,000 | 4,962,000,000 | 4,477,000,000 | 4,621,000,000 | 4,909,000,000 | 4,767,000,000 | 6,242,000,000 | 5,966,000,000 | 6,285,000,000 | 5,966,000,000 | 5,396,000,000 | 4,440,000,000 | 5,731,000,000 | 4,997,000,000 | 4,788,000,000 | 4,632,000,000 | 4,016,000,000 | 3,272,000,000 | 3,615,000,000 | 3,442,000,000 | 3,139,000,000 | 2,904,000,000 | 2,810,000,000 | 3,292,000,000 | 2,481,000,000 | 2,914,000,000 | 2,883,000,000 | 2,417,000,000 | 2,102,000,000 | 1,985,000,000 | 1,963,000,000 | 2,340,000,000 | 2,018,000,000 | 1,731,000,000 |
accounts receivable | 12,945,000,000 | 14,701,000,000 | 12,837,000,000 | 12,385,000,000 | 11,426,000,000 | 10,976,000,000 | 10,097,000,000 | 10,252,000,000 | 10,280,000,000 | 10,838,000,000 | 10,058,000,000 | 9,903,000,000 | 10,069,000,000 | 9,108,000,000 | 9,233,000,000 | 10,394,000,000 | 9,076,000,000 | 9,661,000,000 | 9,538,000,000 | 8,912,000,000 | 10,037,000,000 | 9,254,000,000 | 10,115,000,000 | 9,496,000,000 | 13,104,000,000 | 13,607,000,000 | 13,695,000,000 | 13,574,000,000 | 12,550,000,000 | 11,973,000,000 | 11,699,000,000 | 13,128,000,000 | 12,597,000,000 | 11,840,000,000 | 11,500,000,000 | 11,544,000,000 | 10,899,000,000 | 10,647,000,000 | 11,516,000,000 | 11,512,000,000 | 11,080,000,000 | 11,795,000,000 | 11,537,000,000 | 11,135,000,000 | 11,158,000,000 | 10,791,000,000 | 10,610,000,000 | 9,538,000,000 | 8,833,000,000 | 9,503,000,000 | 9,801,000,000 | 9,260,000,000 | 8,731,000,000 | 8,881,000,000 | 8,737,000,000 | 8,460,000,000 | 8,522,000,000 | 8,797,000,000 | 9,346,000,000 | 10,103,000,000 | 9,558,000,000 | 8,844,000,000 | 8,999,000,000 | 8,428,000,000 | 7,978,000,000 | 7,693,000,000 | 7,810,000,000 | 7,128,000,000 | 7,338,000,000 | 7,374,000,000 | 6,564,000,000 | 6,063,000,000 | 6,000,000,000 | 5,365,000,000 |
contract assets | 18,070,000,000 | 17,092,000,000 | 16,604,000,000 | 15,686,000,000 | 15,241,000,000 | 14,570,000,000 | 14,684,000,000 | 13,581,000,000 | 13,104,000,000 | 12,139,000,000 | 12,696,000,000 | 12,970,000,000 | 12,729,000,000 | 11,534,000,000 | 12,297,000,000 | 11,836,000,000 | 11,566,000,000 | 11,361,000,000 | 10,899,000,000 | 10,485,000,000 | 10,238,000,000 | 9,931,000,000 | 9,617,000,000 | 9,943,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
inventory | 14,153,000,000 | 13,364,000,000 | 13,806,000,000 | 14,012,000,000 | 13,618,000,000 | 12,768,000,000 | 13,465,000,000 | 13,047,000,000 | 12,386,000,000 | 11,777,000,000 | 12,050,000,000 | 11,997,000,000 | 11,327,000,000 | 10,617,000,000 | 10,443,000,000 | 10,142,000,000 | 9,749,000,000 | 9,178,000,000 | 9,426,000,000 | 9,548,000,000 | 9,498,000,000 | 9,411,000,000 | 9,843,000,000 | 10,256,000,000 | 11,506,000,000 | 11,242,000,000 | 10,934,000,000 | 10,474,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other assets, current | 8,023,000,000 | 7,740,000,000 | 7,905,000,000 | 7,792,000,000 | 7,474,000,000 | 7,241,000,000 | 6,836,000,000 | 6,334,000,000 | 6,646,000,000 | 7,076,000,000 | 6,258,000,000 | 5,654,000,000 | 5,486,000,000 | 4,964,000,000 | 4,467,000,000 | 4,323,000,000 | 4,309,000,000 | 4,018,000,000 | 4,653,000,000 | 3,883,000,000 | 4,200,000,000 | 5,914,000,000 | 3,879,000,000 | 5,469,000,000 | 1,715,000,000 | 1,310,000,000 | 1,276,000,000 | 1,319,000,000 | 1,337,000,000 | 1,263,000,000 | 1,448,000,000 | 1,229,000,000 | 1,027,000,000 | 923,000,000 | 860,000,000 | 894,000,000 | 906,000,000 | 949,000,000 | 983,000,000 | 936,000,000 | 966,000,000 | 992,000,000 | 892,000,000 | 895,000,000 | 902,000,000 | 850,000,000 | 1,008,000,000 | 755,000,000 | 727,000,000 | 787,000,000 | 880,000,000 | 900,000,000 | 842,000,000 | 816,000,000 | 948,000,000 | 885,000,000 | ||||||||||||||||||
total current assets | 60,009,000,000 | 60,332,000,000 | 57,118,000,000 | 54,657,000,000 | 52,916,000,000 | 51,133,000,000 | 51,764,000,000 | 49,225,000,000 | 48,023,000,000 | 48,417,000,000 | 46,518,000,000 | 45,915,000,000 | 45,504,000,000 | 42,443,000,000 | 41,821,000,000 | 41,462,000,000 | 40,740,000,000 | 42,050,000,000 | 41,992,000,000 | 40,879,000,000 | 42,552,000,000 | 43,376,000,000 | 43,511,000,000 | 42,274,000,000 | 38,875,000,000 | 37,816,000,000 | 37,058,000,000 | 35,402,000,000 | 40,204,000,000 | 36,556,000,000 | 32,741,000,000 | 32,963,000,000 | 32,829,000,000 | 29,305,000,000 | 28,548,000,000 | 27,970,000,000 | 27,527,000,000 | 32,359,000,000 | 30,669,000,000 | 29,958,000,000 | 29,411,000,000 | 29,641,000,000 | 29,820,000,000 | 29,351,000,000 | 28,790,000,000 | 29,161,000,000 | 31,685,000,000 | 39,142,000,000 | 27,847,000,000 | 26,424,000,000 | 26,429,000,000 | 25,005,000,000 | 25,337,000,000 | 24,401,000,000 | 24,321,000,000 | 23,729,000,000 | 23,636,000,000 | 23,222,000,000 | 24,181,000,000 | 24,779,000,000 | 23,916,000,000 | 22,071,000,000 | 22,561,000,000 | 21,712,000,000 | 20,187,000,000 | 19,906,000,000 | 19,621,000,000 | 18,121,000,000 | 17,511,000,000 | 17,295,000,000 | 15,746,000,000 | 14,677,000,000 | 14,163,000,000 | 13,372,000,000 |
customer financing assets | 2,041,000,000 | 2,132,000,000 | 2,071,000,000 | 2,104,000,000 | 2,135,000,000 | 2,246,000,000 | 2,306,000,000 | 2,320,000,000 | 2,359,000,000 | 2,392,000,000 | 2,452,000,000 | 2,457,000,000 | 2,543,000,000 | 2,603,000,000 | 2,618,000,000 | 2,675,000,000 | 2,766,000,000 | 2,848,000,000 | 2,960,000,000 | 3,063,000,000 | 3,079,000,000 | 3,144,000,000 | 3,314,000,000 | 3,363,000,000 | 3,496,000,000 | 3,372,000,000 | 3,293,000,000 | 3,182,000,000 | 3,143,000,000 | 2,763,000,000 | 2,522,000,000 | 2,184,000,000 | 1,701,000,000 | 1,593,000,000 | 1,077,000,000 | 1,000,000,000 | 967,000,000 | 1,008,000,000 | 1,037,000,000 | 993,000,000 | 1,081,000,000 | 1,098,000,000 | 1,105,000,000 | 1,229,000,000 | 1,147,000,000 | 1,105,000,000 | 1,185,000,000 | 1,145,000,000 | 1,026,000,000 | 1,035,000,000 | 1,059,000,000 | 1,085,000,000 | 1,098,000,000 | 1,103,000,000 | 1,088,000,000 | 1,049,000,000 | 1,029,000,000 | 993,000,000 | 1,009,000,000 | 1,005,000,000 | 959,000,000 | 963,000,000 | 962,000,000 | 971,000,000 | 940,000,000 | 1,080,000,000 | 1,225,000,000 | 1,224,000,000 | 1,199,000,000 | 1,159,000,000 | 1,072,000,000 | 1,166,000,000 | 1,066,000,000 | 1,044,000,000 |
fixed assets | 35,681,000,000 | 16,868,000,000 | 34,370,000,000 | 33,947,000,000 | 33,348,000,000 | 16,089,000,000 | 32,711,000,000 | 32,062,000,000 | 31,623,000,000 | 15,748,000,000 | 30,554,000,000 | 30,175,000,000 | 29,536,000,000 | 15,170,000,000 | 28,201,000,000 | 27,990,000,000 | 27,815,000,000 | 14,972,000,000 | 27,116,000,000 | 26,959,000,000 | 26,554,000,000 | 14,962,000,000 | 25,600,000,000 | 25,118,000,000 | 25,544,000,000 | 24,649,000,000 | 24,689,000,000 | 24,351,000,000 | 21,956,000,000 | 21,597,000,000 | 21,820,000,000 | 20,975,000,000 | 20,309,000,000 | 19,892,000,000 | 19,384,000,000 | 19,165,000,000 | 18,813,000,000 | 18,244,000,000 | 19,963,000,000 | 19,632,000,000 | 19,744,000,000 | 19,218,000,000 | 18,869,000,000 | 18,388,000,000 | 18,009,000,000 | 17,947,000,000 | 17,861,000,000 | 15,012,000,000 | 15,522,000,000 | 16,042,000,000 | 16,365,000,000 | 16,306,000,000 | 15,796,000,000 | 15,519,000,000 | 15,834,000,000 | 15,475,000,000 | 15,077,000,000 | 14,791,000,000 | 15,417,000,000 | 15,638,000,000 | 15,439,000,000 | 6,296,000,000 | 14,609,000,000 | 14,166,000,000 | 13,856,000,000 | 13,655,000,000 | 13,555,000,000 | 13,502,000,000 | 13,173,000,000 | 12,776,000,000 | 12,745,000,000 | 12,149,000,000 | 12,100,000,000 | 12,231,000,000 |
accumulated depreciation | -18,839,000,000 | -18,045,000,000 | -17,742,000,000 | -17,213,000,000 | -16,825,000,000 | -16,369,000,000 | -15,985,000,000 | -15,207,000,000 | -14,880,000,000 | -14,387,000,000 | -13,533,000,000 | -13,249,000,000 | -12,978,000,000 | -12,599,000,000 | -12,294,000,000 | -11,812,000,000 | -10,870,000,000 | -10,313,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 1,773,000,000 | 1,887,000,000 | 1,899,000,000 | 1,869,000,000 | 1,899,000,000 | 1,864,000,000 | 1,846,000,000 | 1,664,000,000 | 1,639,000,000 | 1,638,000,000 | 1,755,000,000 | 1,812,000,000 | 1,844,000,000 | 1,829,000,000 | 1,802,000,000 | 1,866,000,000 | 1,911,000,000 | 1,958,000,000 | 1,876,000,000 | 1,900,000,000 | 1,913,000,000 | 1,880,000,000 | 2,027,000,000 | 2,102,000,000 | 2,624,000,000 | 2,556,000,000 | 2,740,000,000 | 2,533,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 53,276,000,000 | 53,343,000,000 | 53,311,000,000 | 53,327,000,000 | 53,045,000,000 | 52,789,000,000 | 53,759,000,000 | 53,347,000,000 | 53,644,000,000 | 53,699,000,000 | 53,883,000,000 | 54,122,000,000 | 53,904,000,000 | 53,840,000,000 | 53,168,000,000 | 53,806,000,000 | 54,316,000,000 | 54,436,000,000 | 53,789,000,000 | 54,394,000,000 | 54,265,000,000 | 54,285,000,000 | 53,524,000,000 | 53,269,000,000 | 47,481,000,000 | 48,041,000,000 | 48,358,000,000 | 48,392,000,000 | 27,679,000,000 | 27,699,000,000 | 28,339,000,000 | 27,916,000,000 | 27,587,000,000 | 27,273,000,000 | 27,422,000,000 | 27,535,000,000 | 27,408,000,000 | 27,354,000,000 | 27,933,000,000 | 27,557,000,000 | 28,169,000,000 | 28,378,000,000 | 28,216,000,000 | 28,100,000,000 | 27,835,000,000 | 27,516,000,000 | 27,630,000,000 | 16,116,000,000 | 16,169,000,000 | 17,980,000,000 | 18,309,000,000 | 18,193,000,000 | 17,422,000,000 | 16,914,000,000 | 17,069,000,000 | 16,204,000,000 | 15,754,000,000 | 15,228,000,000 | 16,074,000,000 | 16,619,000,000 | 16,415,000,000 | 16,120,000,000 | 15,871,000,000 | 14,610,000,000 | 14,299,000,000 | 13,828,000,000 | 13,492,000,000 | 13,254,000,000 | 12,726,000,000 | 12,263,000,000 | 10,003,000,000 | 9,666,000,000 | 9,644,000,000 | 9,515,000,000 |
intangible assets | 31,482,000,000 | 31,845,000,000 | 32,260,000,000 | 32,748,000,000 | 33,116,000,000 | 33,443,000,000 | 34,159,000,000 | 34,503,000,000 | 34,960,000,000 | 35,399,000,000 | 35,865,000,000 | 36,234,000,000 | 36,477,000,000 | 36,823,000,000 | 37,046,000,000 | 37,562,000,000 | 38,118,000,000 | 38,516,000,000 | 38,842,000,000 | 39,523,000,000 | 39,999,000,000 | 40,539,000,000 | 41,564,000,000 | 42,003,000,000 | 25,600,000,000 | 25,686,000,000 | 25,963,000,000 | 26,280,000,000 | 15,701,000,000 | 15,739,000,000 | 15,995,000,000 | 15,955,000,000 | 15,881,000,000 | 15,780,000,000 | 15,800,000,000 | 15,842,000,000 | 15,719,000,000 | 15,572,000,000 | 15,706,000,000 | 15,571,000,000 | 15,684,000,000 | 15,715,000,000 | 15,528,000,000 | 15,495,000,000 | 15,301,000,000 | 15,125,000,000 | 15,146,000,000 | 4,893,000,000 | 3,769,000,000 | 3,966,000,000 | 4,141,000,000 | 4,177,000,000 | 4,070,000,000 | 3,899,000,000 | 4,047,000,000 | 3,546,000,000 | 3,456,000,000 | 3,321,000,000 | 3,484,000,000 | 3,847,000,000 | 3,862,000,000 | 3,757,000,000 | 3,709,000,000 | 3,284,000,000 | 3,229,000,000 | 3,143,000,000 | 3,114,000,000 | 3,030,000,000 | 3,130,000,000 | 3,000,000,000 | 1,988,000,000 | |||
other assets | 5,008,000,000 | 4,672,000,000 | 5,688,000,000 | 6,229,000,000 | 5,618,000,000 | 5,297,000,000 | 5,102,000,000 | 4,417,000,000 | 3,924,000,000 | 4,576,000,000 | 6,623,000,000 | 6,326,000,000 | 6,215,000,000 | 6,156,000,000 | 7,102,000,000 | 6,905,000,000 | 6,678,000,000 | 6,624,000,000 | 4,796,000,000 | 4,414,000,000 | 4,058,000,000 | 3,967,000,000 | 3,030,000,000 | 2,969,000,000 | 7,568,000,000 | 7,639,000,000 | 7,574,000,000 | 7,678,000,000 | 7,070,000,000 | 7,071,000,000 | 7,136,000,000 | 5,848,000,000 | 5,503,000,000 | 5,363,000,000 | 6,461,000,000 | 6,410,000,000 | 6,282,000,000 | 5,986,000,000 | 6,784,000,000 | 6,611,000,000 | 7,024,000,000 | 7,011,000,000 | 6,428,000,000 | 6,019,000,000 | 5,676,000,000 | 5,626,000,000 | 6,520,000,000 | 5,197,000,000 | 4,721,000,000 | 4,662,000,000 | 4,156,000,000 | 3,961,000,000 | 4,266,000,000 | 3,899,000,000 | 3,447,000,000 | 3,503,000,000 | 3,040,000,000 | 2,374,000,000 | 4,345,000,000 | 4,390,000,000 | 4,253,000,000 | 4,242,000,000 | 2,673,000,000 | 2,457,000,000 | 2,512,000,000 | 5,191,000,000 | 5,285,000,000 | 4,937,000,000 | 4,898,000,000 | 4,778,000,000 | 5,183,000,000 | 6,032,000,000 | 5,808,000,000 | 5,704,000,000 |
total assets | 170,431,000,000 | 171,079,000,000 | 168,672,000,000 | 167,139,000,000 | 164,864,000,000 | 162,861,000,000 | 164,822,000,000 | 161,169,000,000 | 160,187,000,000 | 161,869,000,000 | 162,443,000,000 | 162,161,000,000 | 161,636,000,000 | 158,864,000,000 | 158,225,000,000 | 159,017,000,000 | 159,366,000,000 | 161,404,000,000 | 158,772,000,000 | 158,838,000,000 | 160,608,000,000 | 162,153,000,000 | 162,399,000,000 | 161,517,000,000 | 139,572,000,000 | 139,009,000,000 | 138,990,000,000 | 137,380,000,000 | 114,939,000,000 | 101,569,000,000 | 98,779,000,000 | 96,352,000,000 | 94,793,000,000 | 90,373,000,000 | 90,062,000,000 | 89,480,000,000 | 88,571,000,000 | 92,135,000,000 | 92,773,000,000 | 91,327,000,000 | 91,774,000,000 | 92,142,000,000 | 91,229,000,000 | 90,326,000,000 | 88,744,000,000 | 88,513,000,000 | 91,946,000,000 | 74,653,000,000 | 61,724,000,000 | 61,948,000,000 | 62,147,000,000 | 60,664,000,000 | 60,649,000,000 | 58,343,000,000 | 58,388,000,000 | 57,577,000,000 | 56,545,000,000 | 54,798,000,000 | 56,810,000,000 | 58,486,000,000 | 57,053,000,000 | 54,575,000,000 | 53,497,000,000 | 50,557,000,000 | 48,583,000,000 | 49,596,000,000 | 49,166,000,000 | 47,031,000,000 | 46,068,000,000 | 44,791,000,000 | 40,535,000,000 | 37,631,000,000 | 36,692,000,000 | 35,928,000,000 |
liabilities, redeemable noncontrolling interest, and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 226,000,000 | 204,000,000 | 215,000,000 | 1,635,000,000 | 212,000,000 | 183,000,000 | 220,000,000 | 231,000,000 | 166,000,000 | 189,000,000 | 1,170,000,000 | 1,076,000,000 | 224,000,000 | 625,000,000 | 2,195,000,000 | 113,000,000 | 140,000,000 | 134,000,000 | 206,000,000 | 196,000,000 | 234,000,000 | 247,000,000 | 228,000,000 | 243,000,000 | 1,725,000,000 | 1,327,000,000 | 1,139,000,000 | 1,111,000,000 | 1,576,000,000 | 985,000,000 | 1,066,000,000 | 1,077,000,000 | 682,000,000 | 1,200,000,000 | 871,000,000 | 753,000,000 | 1,233,000,000 | 3,024,000,000 | 2,782,000,000 | 2,314,000,000 | 347,000,000 | 407,000,000 | 188,000,000 | 303,000,000 | 196,000,000 | 171,000,000 | 5,224,000,000 | 210,000,000 | 221,000,000 | 1,228,000,000 | 1,270,000,000 | 346,000,000 | 2,137,000,000 | 1,422,000,000 | 217,000,000 | 943,000,000 | 1,242,000,000 | 879,000,000 | 1,308,000,000 | 1,672,000,000 | 1,957,000,000 | 1,085,000,000 | 2,221,000,000 | 1,513,000,000 | 1,193,000,000 | 787,000,000 | 1,011,000,000 | 1,624,000,000 | 1,148,000,000 | 548,000,000 | 582,000,000 | 438,000,000 | 350,000,000 | 371,000,000 |
accounts payable | 15,979,000,000 | 15,895,000,000 | 14,552,000,000 | 13,433,000,000 | 13,444,000,000 | 12,897,000,000 | 11,834,000,000 | 10,939,000,000 | 10,522,000,000 | 10,698,000,000 | 10,315,000,000 | 10,128,000,000 | 10,060,000,000 | 9,896,000,000 | 9,017,000,000 | 9,732,000,000 | 8,270,000,000 | 8,751,000,000 | 8,667,000,000 | 8,043,000,000 | 9,182,000,000 | 8,639,000,000 | 8,143,000,000 | 7,182,000,000 | 10,976,000,000 | 10,840,000,000 | 11,109,000,000 | 10,364,000,000 | 10,509,000,000 | 9,623,000,000 | 8,875,000,000 | 8,999,000,000 | 8,542,000,000 | 7,520,000,000 | 7,432,000,000 | 7,242,000,000 | 6,579,000,000 | 6,333,000,000 | 7,153,000,000 | 6,929,000,000 | 7,046,000,000 | 7,297,000,000 | 6,949,000,000 | 6,628,000,000 | 6,645,000,000 | 6,192,000,000 | 6,156,000,000 | 5,752,000,000 | 5,281,000,000 | 5,597,000,000 | 5,686,000,000 | 5,635,000,000 | 4,964,000,000 | 5,057,000,000 | 4,801,000,000 | 4,430,000,000 | 4,599,000,000 | 4,813,000,000 | 5,104,000,000 | 5,577,000,000 | 5,503,000,000 | 5,059,000,000 | 4,977,000,000 | 5,100,000,000 | 4,786,000,000 | 4,245,000,000 | 4,340,000,000 | 4,017,000,000 | 3,680,000,000 | 3,975,000,000 | 3,603,000,000 | 3,100,000,000 | 3,269,000,000 | 2,991,000,000 |
accrued employee compensation | 2,004,000,000 | 3,308,000,000 | 2,937,000,000 | 2,133,000,000 | 1,867,000,000 | 2,620,000,000 | 2,673,000,000 | 2,065,000,000 | 1,862,000,000 | 2,491,000,000 | 2,597,000,000 | 2,121,000,000 | 1,856,000,000 | 2,401,000,000 | 2,390,000,000 | 2,028,000,000 | 1,880,000,000 | 2,658,000,000 | 2,756,000,000 | 2,233,000,000 | 2,511,000,000 | 3,006,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other accrued liabilities | 14,217,000,000 | 14,350,000,000 | 14,835,000,000 | 15,861,000,000 | 15,219,000,000 | 14,831,000,000 | 15,971,000,000 | 17,048,000,000 | 15,006,000,000 | 14,917,000,000 | 14,283,000,000 | 11,719,000,000 | 11,573,000,000 | 10,999,000,000 | 11,210,000,000 | 12,459,000,000 | 11,004,000,000 | 10,162,000,000 | 9,685,000,000 | 10,361,000,000 | 10,184,000,000 | 10,401,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
contract liabilities | 21,940,000,000 | 21,615,000,000 | 20,111,000,000 | 19,186,000,000 | 19,038,000,000 | 18,616,000,000 | 18,436,000,000 | 17,665,000,000 | 17,119,000,000 | 17,183,000,000 | 15,248,000,000 | 15,162,000,000 | 14,870,000,000 | 14,598,000,000 | 13,368,000,000 | 13,430,000,000 | 13,739,000,000 | 13,720,000,000 | 12,543,000,000 | 12,591,000,000 | 12,879,000,000 | 12,889,000,000 | 12,208,000,000 | 11,997,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt currently due | 4,213,000,000 | 3,412,000,000 | 584,000,000 | 2,084,000,000 | 2,844,000,000 | 2,352,000,000 | 3,113,000,000 | 1,617,000,000 | 344,000,000 | 1,283,000,000 | 1,389,000,000 | 1,554,000,000 | 1,545,000,000 | 595,000,000 | 193,000,000 | 26,000,000 | 24,000,000 | 24,000,000 | 274,000,000 | 1,370,000,000 | 1,369,000,000 | 550,000,000 | 1,307,000,000 | 1,297,000,000 | 1,362,000,000 | 5,495,000,000 | 6,202,000,000 | 3,071,000,000 | 92,000,000 | 78,000,000 | 1,128,000,000 | 2,120,000,000 | 2,061,000,000 | 2,484,000,000 | 1,604,000,000 | 1,654,000,000 | 130,000,000 | 215,000,000 | 172,000,000 | 1,870,000,000 | 1,794,000,000 | 1,828,000,000 | 116,000,000 | 1,100,000,000 | 1,085,000,000 | 1,081,000,000 | 67,000,000 | 61,000,000 | 79,000,000 | 635,000,000 | 636,000,000 | 155,000,000 | 94,000,000 | 604,000,000 | 1,731,000,000 | 760,000,000 | 853,000,000 | 633,000,000 | 951,000,000 | 952,000,000 | 46,000,000 | 48,000,000 | 47,000,000 | 35,000,000 | 36,000,000 | 437,000,000 | 687,000,000 | 695,000,000 | 298,000,000 | 50,000,000 | 40,000,000 | 367,000,000 | 368,000,000 | 373,000,000 |
total current liabilities | 58,579,000,000 | 58,784,000,000 | 53,234,000,000 | 54,332,000,000 | 52,624,000,000 | 51,499,000,000 | 52,247,000,000 | 49,565,000,000 | 45,019,000,000 | 46,761,000,000 | 45,002,000,000 | 41,760,000,000 | 40,128,000,000 | 39,114,000,000 | 38,373,000,000 | 37,788,000,000 | 35,057,000,000 | 35,449,000,000 | 34,131,000,000 | 34,794,000,000 | 36,359,000,000 | 35,848,000,000 | 35,562,000,000 | 35,291,000,000 | 31,502,000,000 | 35,567,000,000 | 35,422,000,000 | 31,403,000,000 | 26,504,000,000 | 25,068,000,000 | 24,747,000,000 | 25,249,000,000 | 23,919,000,000 | 23,726,000,000 | 22,541,000,000 | 22,183,000,000 | 20,523,000,000 | 23,689,000,000 | 23,729,000,000 | 25,729,000,000 | 23,908,000,000 | 24,330,000,000 | 22,931,000,000 | 23,519,000,000 | 23,164,000,000 | 22,559,000,000 | 26,452,000,000 | 19,793,000,000 | 18,330,000,000 | 20,064,000,000 | 20,214,000,000 | 18,916,000,000 | 19,620,000,000 | 18,762,000,000 | 18,670,000,000 | 18,200,000,000 | 18,571,000,000 | 17,939,000,000 | 19,857,000,000 | 20,505,000,000 | 19,605,000,000 | 17,469,000,000 | 18,634,000,000 | 16,971,000,000 | 16,108,000,000 | 15,422,000,000 | 15,737,000,000 | 15,993,000,000 | 14,827,000,000 | 14,187,000,000 | 12,753,000,000 | 11,670,000,000 | 11,401,000,000 | 11,216,000,000 |
long-term debt | 32,974,000,000 | 34,288,000,000 | 38,260,000,000 | 38,259,000,000 | 38,244,000,000 | 38,726,000,000 | 38,823,000,000 | 40,303,000,000 | 42,334,000,000 | 42,355,000,000 | 32,701,000,000 | 32,723,000,000 | 32,717,000,000 | 30,694,000,000 | 31,059,000,000 | 31,274,000,000 | 31,308,000,000 | 31,327,000,000 | 30,768,000,000 | 29,916,000,000 | 29,935,000,000 | 31,026,000,000 | 31,246,000,000 | 31,210,000,000 | 43,232,000,000 | 37,782,000,000 | 37,910,000,000 | 41,004,000,000 | 38,275,000,000 | 27,246,000,000 | 25,153,000,000 | 24,063,000,000 | 23,883,000,000 | 20,898,000,000 | 20,190,000,000 | 20,130,000,000 | 21,688,000,000 | 19,428,000,000 | 19,489,000,000 | 17,809,000,000 | 17,857,000,000 | 17,837,000,000 | 19,739,000,000 | 19,785,000,000 | 20,375,000,000 | 21,572,000,000 | 23,409,000,000 | 20,450,000,000 | 9,491,000,000 | 9,501,000,000 | 9,492,000,000 | 9,986,000,000 | 10,071,000,000 | 10,039,000,000 | 10,004,000,000 | 8,729,000,000 | 8,721,000,000 | 9,315,000,000 | 8,113,000,000 | 8,106,000,000 | 8,014,000,000 | 8,015,000,000 | 7,059,000,000 | 7,045,000,000 | 7,035,000,000 | 7,067,000,000 | 7,061,000,000 | 5,954,000,000 | 6,366,000,000 | 6,615,000,000 | 4,223,000,000 | 4,254,000,000 | 4,247,000,000 | 4,261,000,000 |
operating lease liabilities, non-current | 1,522,000,000 | 1,602,000,000 | 1,650,000,000 | 1,617,000,000 | 1,646,000,000 | 1,632,000,000 | 1,592,000,000 | 1,415,000,000 | 1,410,000,000 | 1,412,000,000 | 1,523,000,000 | 1,570,000,000 | 1,624,000,000 | 1,586,000,000 | 1,539,000,000 | 1,593,000,000 | 1,627,000,000 | 1,657,000,000 | 1,541,000,000 | 1,563,000,000 | 1,552,000,000 | 1,516,000,000 | 1,651,000,000 | 1,723,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
future pension and postretirement benefit obligations | 2,015,000,000 | 2,067,000,000 | 1,981,000,000 | 2,038,000,000 | 2,060,000,000 | 2,104,000,000 | 2,230,000,000 | 2,264,000,000 | 2,320,000,000 | 2,385,000,000 | 4,457,000,000 | 4,579,000,000 | 4,676,000,000 | 4,807,000,000 | 7,362,000,000 | 7,543,000,000 | 7,709,000,000 | 7,855,000,000 | 9,742,000,000 | 9,929,000,000 | 9,808,000,000 | 10,342,000,000 | 14,688,000,000 | 14,972,000,000 | 3,225,000,000 | 3,855,000,000 | 3,663,000,000 | 3,846,000,000 | 2,412,000,000 | 2,589,000,000 | 2,847,000,000 | 3,227,000,000 | 5,249,000,000 | 5,433,000,000 | 5,552,000,000 | 5,713,000,000 | 5,869,000,000 | 6,235,000,000 | 6,373,000,000 | 6,494,000,000 | 3,033,000,000 | 3,207,000,000 | 3,320,000,000 | 7,175,000,000 | 7,231,000,000 | 7,358,000,000 | 6,632,000,000 | 5,087,000,000 | 5,177,000,000 | 3,409,000,000 | 3,528,000,000 | 3,583,000,000 | 3,927,000,000 | 3,996,000,000 | 4,099,000,000 | 6,663,000,000 | 6,589,000,000 | 6,525,000,000 | 2,392,000,000 | 2,523,000,000 | 2,552,000,000 | 2,562,000,000 | 2,234,000,000 | 2,220,000,000 | 2,261,000,000 | 3,057,000,000 | 2,939,000,000 | 2,863,000,000 | 4,938,000,000 | 4,660,000,000 | 4,582,000,000 | 4,699,000,000 | 4,687,000,000 | 4,683,000,000 |
other long-term liabilities | 7,307,000,000 | 7,200,000,000 | 7,154,000,000 | 6,646,000,000 | 6,946,000,000 | 6,942,000,000 | 7,071,000,000 | 6,941,000,000 | 6,967,000,000 | 7,511,000,000 | 7,514,000,000 | 7,442,000,000 | 8,106,000,000 | 8,449,000,000 | 8,124,000,000 | 8,791,000,000 | 9,643,000,000 | 10,417,000,000 | 9,621,000,000 | 9,885,000,000 | 9,612,000,000 | 9,537,000,000 | 9,142,000,000 | 9,394,000,000 | 11,903,000,000 | 16,774,000,000 | 16,651,000,000 | 17,052,000,000 | 13,373,000,000 | 13,190,000,000 | 13,405,000,000 | 11,693,000,000 | 11,181,000,000 | 10,737,000,000 | 10,700,000,000 | 10,492,000,000 | 10,461,000,000 | 10,600,000,000 | 11,110,000,000 | 10,993,000,000 | 11,446,000,000 | 11,429,000,000 | 11,407,000,000 | 9,804,000,000 | 9,431,000,000 | 9,206,000,000 | 9,129,000,000 | 5,360,000,000 | 4,934,000,000 | 5,059,000,000 | 4,826,000,000 | 4,734,000,000 | 4,460,000,000 | 4,320,000,000 | 4,314,000,000 | 4,339,000,000 | 4,258,000,000 | 4,233,000,000 | 4,403,000,000 | 4,483,000,000 | 4,312,000,000 | 4,262,000,000 | 4,428,000,000 | 4,241,000,000 | 4,219,000,000 | 4,266,000,000 | 4,152,000,000 | 4,063,000,000 | 3,281,000,000 | 3,133,000,000 | 3,350,000,000 | 3,133,000,000 | 3,065,000,000 | 2,885,000,000 |
total liabilities | 102,397,000,000 | 103,941,000,000 | 102,279,000,000 | 102,892,000,000 | 101,520,000,000 | 100,903,000,000 | 101,963,000,000 | 100,488,000,000 | 98,050,000,000 | 100,424,000,000 | 91,197,000,000 | 88,074,000,000 | 87,251,000,000 | 84,650,000,000 | 86,457,000,000 | 86,989,000,000 | 85,344,000,000 | 86,705,000,000 | 85,803,000,000 | 86,087,000,000 | 87,266,000,000 | 88,269,000,000 | 92,289,000,000 | 92,590,000,000 | 97,542,000,000 | 96,083,000,000 | 95,904,000,000 | 95,325,000,000 | 80,564,000,000 | 68,093,000,000 | 66,152,000,000 | 64,232,000,000 | 64,232,000,000 | 60,794,000,000 | 58,983,000,000 | 58,518,000,000 | 58,541,000,000 | 59,952,000,000 | 60,701,000,000 | 61,025,000,000 | 56,244,000,000 | 56,803,000,000 | 57,397,000,000 | 60,283,000,000 | 60,201,000,000 | 60,695,000,000 | 65,622,000,000 | 50,690,000,000 | 37,932,000,000 | 38,033,000,000 | 38,060,000,000 | 37,219,000,000 | 38,078,000,000 | 37,117,000,000 | 37,087,000,000 | 37,931,000,000 | 38,139,000,000 | 38,012,000,000 | 34,765,000,000 | 35,617,000,000 | 34,483,000,000 | 32,308,000,000 | 32,355,000,000 | 30,477,000,000 | 29,623,000,000 | 29,812,000,000 | 29,889,000,000 | 28,873,000,000 | 30,324,000,000 | 29,517,000,000 | 25,835,000,000 | |||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 37,000,000 | 36,000,000 | 34,000,000 | 41,000,000 | 37,000,000 | 35,000,000 | 33,000,000 | 31,000,000 | 37,000,000 | 35,000,000 | 33,000,000 | 31,000,000 | 38,000,000 | 36,000,000 | 33,000,000 | 38,000,000 | 36,000,000 | 35,000,000 | 32,000,000 | 30,000,000 | 34,000,000 | 32,000,000 | 95,000,000 | 107,000,000 | 109,000,000 | 109,000,000 | 125,000,000 | 130,000,000 | 135,000,000 | 429,000,000 | 406,000,000 | 307,000,000 | 315,000,000 | 314,000,000 | 127,000,000 | 132,000,000 | 134,000,000 | 135,000,000 | 141,000,000 | 146,000,000 | 137,000,000 | 124,000,000 | 174,000,000 | 255,000,000 | 233,000,000 | 238,000,000 | 243,000,000 | 327,000,000 | 348,000,000 | 319,000,000 | 318,000,000 | 311,000,000 | 377,000,000 | |||||||||||||||||||||
shareowners’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 38,178,000,000 | 38,126,000,000 | 37,869,000,000 | 37,680,000,000 | 37,515,000,000 | 37,434,000,000 | 37,276,000,000 | 37,302,000,000 | 37,108,000,000 | 37,055,000,000 | 38,388,000,000 | 38,228,000,000 | 38,031,000,000 | 37,939,000,000 | 37,829,000,000 | 37,673,000,000 | 37,504,000,000 | 37,483,000,000 | 37,343,000,000 | 37,183,000,000 | 36,997,000,000 | 36,930,000,000 | 36,833,000,000 | 36,735,000,000 | 23,099,000,000 | 22,873,000,000 | 22,718,000,000 | 22,564,000,000 | 17,869,000,000 | 17,747,000,000 | 17,641,000,000 | 17,486,000,000 | 17,372,000,000 | 17,359,000,000 | 17,213,000,000 | 16,341,000,000 | 16,256,000,000 | 16,731,000,000 | 15,141,000,000 | 15,032,000,000 | 15,187,000,000 | 15,060,000,000 | 14,937,000,000 | 14,665,000,000 | 14,398,000,000 | 14,221,000,000 | 13,799,000,000 | 13,538,000,000 | 13,653,000,000 | 13,330,000,000 | 13,036,000,000 | 12,789,000,000 | 12,316,000,000 | 12,205,000,000 | 11,937,000,000 | 11,516,000,000 | 11,369,000,000 | 11,222,000,000 | 10,973,000,000 | 10,864,000,000 | 10,708,000,000 | 10,572,000,000 | 10,424,000,000 | 10,205,000,000 | 9,959,000,000 | 9,416,000,000 | 9,297,000,000 | 8,974,000,000 | 8,639,000,000 | 8,530,000,000 | 8,283,000,000 | 6,928,000,000 | 6,800,000,000 | 6,748,000,000 |
treasury stock | -26,814,000,000 | -26,881,000,000 | -26,937,000,000 | -26,995,000,000 | -27,069,000,000 | -27,112,000,000 | -27,141,000,000 | -27,080,000,000 | -27,029,000,000 | -26,977,000,000 | -18,170,000,000 | -16,713,000,000 | -16,112,000,000 | -15,530,000,000 | -15,141,000,000 | -14,539,000,000 | -13,483,000,000 | -12,727,000,000 | -12,398,000,000 | -11,424,000,000 | -10,780,000,000 | -10,407,000,000 | -10,407,000,000 | -10,398,000,000 | -32,665,000,000 | -32,588,000,000 | -32,549,000,000 | -32,511,000,000 | -35,667,000,000 | -35,645,000,000 | -35,619,000,000 | -35,575,000,000 | -35,516,000,000 | -35,080,000,000 | -32,584,000,000 | -31,118,000,000 | -31,082,000,000 | -25,946,000,000 | -24,520,000,000 | -24,520,000,000 | -21,519,000,000 | -21,094,000,000 | -20,760,000,000 | -20,233,000,000 | -19,908,000,000 | -19,575,000,000 | -19,258,000,000 | -19,399,000,000 | -19,400,000,000 | -19,412,000,000 | -18,960,000,000 | -18,212,000,000 | -16,920,000,000 | -16,431,000,000 | -15,905,000,000 | -15,090,000,000 | -14,661,000,000 | -14,514,000,000 | -13,824,000,000 | -12,901,000,000 | -12,157,000,000 | -11,338,000,000 | -10,840,000,000 | -10,343,000,000 | -9,861,000,000 | -8,679,000,000 | -8,101,000,000 | -7,789,000,000 | -6,999,000,000 | -6,616,000,000 | -6,423,000,000 | -6,019,000,000 | -5,808,000,000 | -5,551,000,000 |
retained earnings | 57,861,000,000 | 56,718,000,000 | 56,014,000,000 | 54,104,000,000 | 54,277,000,000 | 53,589,000,000 | 52,948,000,000 | 51,488,000,000 | 53,052,000,000 | 52,154,000,000 | 51,513,000,000 | 52,489,000,000 | 52,891,000,000 | 52,269,000,000 | 51,652,000,000 | 50,271,000,000 | 50,592,000,000 | 50,265,000,000 | 50,343,000,000 | 48,954,000,000 | 49,460,000,000 | 49,423,000,000 | 50,017,000,000 | 49,744,000,000 | 60,826,000,000 | 61,069,000,000 | 60,548,000,000 | 59,279,000,000 | 57,706,000,000 | 57,027,000,000 | 55,533,000,000 | 55,385,000,000 | 54,640,000,000 | 53,741,000,000 | 52,384,000,000 | 51,451,000,000 | 50,625,000,000 | 47,236,000,000 | 46,443,000,000 | 45,462,000,000 | 43,668,000,000 | 42,343,000,000 | 41,205,000,000 | 39,599,000,000 | 38,629,000,000 | 37,551,000,000 | 35,219,000,000 | 34,285,000,000 | 33,389,000,000 | 32,594,000,000 | 31,701,000,000 | 30,812,000,000 | 29,384,000,000 | 28,569,000,000 | 27,854,000,000 | 26,827,000,000 | 26,133,000,000 | 25,519,000,000 | 24,380,000,000 | 23,410,000,000 | 22,440,000,000 | 21,751,000,000 | 21,004,000,000 | 20,123,000,000 | 19,243,000,000 | 18,167,000,000 | 17,432,000,000 | 16,601,000,000 | 15,658,000,000 | 15,057,000,000 | 14,310,000,000 | 14,103,000,000 | 13,578,000,000 | 12,915,000,000 |
accumulated other comprehensive loss | -2,945,000,000 | -2,718,000,000 | -2,432,000,000 | -2,391,000,000 | -3,207,000,000 | -3,755,000,000 | -1,969,000,000 | -2,718,000,000 | -2,635,000,000 | -2,419,000,000 | -2,116,000,000 | -1,502,000,000 | -1,989,000,000 | -2,018,000,000 | -4,122,000,000 | -2,931,000,000 | -2,115,000,000 | -1,915,000,000 | -3,939,000,000 | -3,555,000,000 | -3,921,000,000 | -3,734,000,000 | -8,012,000,000 | -8,800,000,000 | -11,788,000,000 | -10,819,000,000 | -9,892,000,000 | -9,519,000,000 | -7,723,000,000 | -7,684,000,000 | -6,937,000,000 | -7,327,000,000 | -7,964,000,000 | -8,333,000,000 | -7,729,000,000 | -7,484,000,000 | -7,344,000,000 | -7,388,000,000 | -6,577,000,000 | -7,211,000,000 | -3,169,000,000 | -2,403,000,000 | -2,941,000,000 | -5,325,000,000 | -6,000,000,000 | -5,867,000,000 | -4,663,000,000 | -5,675,000,000 | -5,001,000,000 | -3,766,000,000 | -2,896,000,000 | -3,101,000,000 | -3,357,000,000 | -4,238,000,000 | -3,746,000,000 | -4,580,000,000 | ||||||||||||||||||
total shareowners’ equity | 66,280,000,000 | 65,245,000,000 | 64,514,000,000 | 62,398,000,000 | 61,516,000,000 | 60,156,000,000 | 61,114,000,000 | 58,985,000,000 | 60,485,000,000 | 59,798,000,000 | 69,596,000,000 | 72,480,000,000 | 72,795,000,000 | 72,632,000,000 | 70,187,000,000 | 70,441,000,000 | 72,462,000,000 | 73,068,000,000 | 71,308,000,000 | 71,115,000,000 | 71,710,000,000 | 72,163,000,000 | 68,379,000,000 | 67,225,000,000 | 32,317,000,000 | 28,577,000,000 | 26,987,000,000 | 26,194,000,000 | 24,955,000,000 | 22,604,000,000 | 22,492,000,000 | 22,590,000,000 | 22,723,000,000 | 22,126,000,000 | 21,254,000,000 | 19,933,000,000 | 19,964,000,000 | 18,489,000,000 | 17,379,000,000 | 15,813,000,000 | 21,083,000,000 | 21,912,000,000 | 21,586,000,000 | 21,355,000,000 | 20,278,000,000 | 19,195,000,000 | 18,106,000,000 | 18,934,000,000 | 18,448,000,000 | 17,357,000,000 | 15,744,000,000 | |||||||||||||||||||||||
noncontrolling interest | 1,717,000,000 | 1,857,000,000 | 1,845,000,000 | 1,808,000,000 | 1,791,000,000 | 1,767,000,000 | 1,712,000,000 | 1,665,000,000 | 1,615,000,000 | 1,612,000,000 | 1,617,000,000 | 1,576,000,000 | 1,552,000,000 | 1,546,000,000 | 1,548,000,000 | 1,549,000,000 | 1,524,000,000 | 1,596,000,000 | 1,629,000,000 | 1,606,000,000 | 1,598,000,000 | 1,689,000,000 | 1,701,000,000 | 1,667,000,000 | 2,524,000,000 | 2,351,000,000 | 2,223,000,000 | 2,208,000,000 | 2,144,000,000 | 1,982,000,000 | 1,958,000,000 | 1,810,000,000 | 1,713,000,000 | 1,678,000,000 | 1,577,000,000 | 1,558,000,000 | 1,550,000,000 | 1,526,000,000 | 1,561,000,000 | 1,517,000,000 | 1,340,000,000 | 1,408,000,000 | 1,378,000,000 | 1,342,000,000 | 1,382,000,000 | 1,369,000,000 | 1,136,000,000 | 1,121,000,000 | 1,057,000,000 | 998,000,000 | 1,016,000,000 | 1,000,000,000 | 999,000,000 | 982,000,000 | 960,000,000 | 1,157,000,000 | 1,027,000,000 | 973,000,000 | ||||||||||||||||
total equity | 67,997,000,000 | 67,102,000,000 | 66,359,000,000 | 64,206,000,000 | 63,307,000,000 | 61,923,000,000 | 62,826,000,000 | 60,650,000,000 | 62,100,000,000 | 61,410,000,000 | 71,213,000,000 | 74,056,000,000 | 74,347,000,000 | 74,178,000,000 | 71,735,000,000 | 71,990,000,000 | 73,986,000,000 | 74,664,000,000 | 72,937,000,000 | 72,721,000,000 | 73,308,000,000 | 73,852,000,000 | 70,080,000,000 | 68,892,000,000 | 41,935,000,000 | 42,819,000,000 | 42,977,000,000 | 41,946,000,000 | 34,250,000,000 | 33,346,000,000 | 32,492,000,000 | 31,691,000,000 | 30,155,000,000 | 29,272,000,000 | 30,764,000,000 | 30,648,000,000 | 29,903,000,000 | 32,051,000,000 | 31,938,000,000 | 30,167,000,000 | 35,389,000,000 | 35,193,000,000 | 33,695,000,000 | 29,919,000,000 | 28,369,000,000 | 27,563,000,000 | 26,091,000,000 | 23,725,000,000 | 23,549,000,000 | 23,588,000,000 | 23,739,000,000 | 23,126,000,000 | 22,253,000,000 | 20,915,000,000 | 20,924,000,000 | 19,646,000,000 | 18,406,000,000 | 16,786,000,000 | ||||||||||||||||
total liabilities, redeemable noncontrolling interest, and equity | 170,431,000,000 | 171,079,000,000 | 168,672,000,000 | 167,139,000,000 | 164,864,000,000 | 162,861,000,000 | 164,822,000,000 | 161,169,000,000 | 160,187,000,000 | 161,869,000,000 | 162,443,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; 250,000 shares authorized; none issued or outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned esop shares | -7,000,000 | -11,000,000 | -15,000,000 | -19,000,000 | -22,000,000 | -26,000,000 | -28,000,000 | -31,000,000 | -33,000,000 | -36,000,000 | -38,000,000 | -41,000,000 | -43,000,000 | -46,000,000 | -49,000,000 | -52,000,000 | -56,000,000 | -61,000,000 | -67,000,000 | -71,000,000 | -75,000,000 | -79,000,000 | -81,000,000 | -84,000,000 | -88,000,000 | -90,000,000 | -93,000,000 | -97,000,000 | -100,000,000 | -102,000,000 | -108,000,000 | -110,000,000 | -113,000,000 | -118,000,000 | -121,000,000 | -124,000,000 | -129,000,000 | -132,000,000 | -136,000,000 | -142,000,000 | -145,000,000 | -149,000,000 | -156,000,000 | -158,000,000 | -162,000,000 | -169,000,000 | -172,000,000 | -176,000,000 | -184,000,000 | -187,000,000 | -193,000,000 | -204,000,000 | -207,000,000 | -210,000,000 | -214,000,000 | -216,000,000 | -219,000,000 | -222,000,000 | -230,000,000 | -233,000,000 | -237,000,000 | -245,000,000 | -248,000,000 | -252,000,000 | -262,000,000 | -265,000,000 | -268,000,000 | |||||||
liabilities, redeemable noncontrolling interest and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interest and equity | 162,161,000,000 | 161,636,000,000 | 158,864,000,000 | 158,225,000,000 | 159,017,000,000 | 159,366,000,000 | 161,404,000,000 | 158,772,000,000 | 158,838,000,000 | 160,608,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets related to discontinued operations | 64,000,000 | 56,000,000 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable noncontrolling interests and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to discontinued operations | 116,000,000 | 118,000,000 | 319,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interests and equity | 162,153,000,000 | 162,399,000,000 | 161,517,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
future income tax benefits | 699,000,000 | 732,000,000 | 1,444,000,000 | 1,699,000,000 | 1,712,000,000 | 1,703,000,000 | 1,701,000,000 | 1,626,000,000 | 1,763,000,000 | 1,723,000,000 | 1,817,000,000 | 1,804,000,000 | 1,765,000,000 | 1,812,000,000 | 1,905,000,000 | 1,341,000,000 | 1,378,000,000 | 1,462,000,000 | 1,223,000,000 | 1,273,000,000 | 1,237,000,000 | 1,583,000,000 | 1,596,000,000 | 1,552,000,000 | 1,541,000,000 | 2,443,000,000 | 2,357,000,000 | 1,744,000,000 | 1,724,000,000 | 1,861,000,000 | 2,308,000,000 | 2,037,000,000 | 2,081,000,000 | 3,268,000,000 | 1,593,000,000 | 1,573,000,000 | 1,311,000,000 | 1,276,000,000 | 1,271,000,000 | 1,267,000,000 | 1,303,000,000 | 1,330,000,000 | 1,348,000,000 | 1,359,000,000 | 1,372,000,000 | 1,446,000,000 | 1,468,000,000 | 1,483,000,000 | 1,423,000,000 | 1,274,000,000 | 1,342,000,000 | 1,374,000,000 | ||||||||||||||||||||||
accrued liabilities | 13,558,000,000 | 14,253,000,000 | 11,055,000,000 | 11,672,000,000 | 10,753,000,000 | 10,750,000,000 | 8,867,000,000 | 8,730,000,000 | 7,951,000,000 | 13,053,000,000 | 12,634,000,000 | 12,522,000,000 | 12,634,000,000 | 12,534,000,000 | 12,581,000,000 | 11,875,000,000 | 13,622,000,000 | 14,616,000,000 | 14,721,000,000 | 14,798,000,000 | 15,678,000,000 | 15,488,000,000 | 15,238,000,000 | 14,854,000,000 | 14,600,000,000 | 12,853,000,000 | 11,978,000,000 | 12,604,000,000 | 12,622,000,000 | 12,780,000,000 | 12,425,000,000 | 11,679,000,000 | 11,921,000,000 | 12,067,000,000 | 11,877,000,000 | 11,614,000,000 | 12,494,000,000 | 12,304,000,000 | 12,099,000,000 | 11,277,000,000 | 11,389,000,000 | 10,323,000,000 | 10,093,000,000 | 9,953,000,000 | 9,699,000,000 | 9,657,000,000 | 9,701,000,000 | 9,614,000,000 | 8,528,000,000 | 7,765,000,000 | 7,414,000,000 | 7,481,000,000 | ||||||||||||||||||||||
redeemable noncontrolling interests | 30,000,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract assets, current | 4,549,000,000 | 4,316,000,000 | 4,334,000,000 | 3,795,000,000 | 3,450,000,000 | 3,273,000,000 | 2,989,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation | -13,060,000,000 | -12,449,000,000 | -12,397,000,000 | -12,141,000,000 | -11,720,000,000 | -11,482,000,000 | -11,537,000,000 | -11,212,000,000 | -10,834,000,000 | -10,637,000,000 | -10,395,000,000 | -10,254,000,000 | -10,050,000,000 | -9,729,000,000 | -10,697,000,000 | -10,457,000,000 | -10,562,000,000 | -10,192,000,000 | -9,974,000,000 | -9,839,000,000 | -9,610,000,000 | -9,519,000,000 | -9,622,000,000 | -9,295,000,000 | -9,687,000,000 | -9,905,000,000 | -10,036,000,000 | -9,924,000,000 | -9,648,000,000 | -9,429,000,000 | -9,499,000,000 | -9,197,000,000 | -8,898,000,000 | -8,661,000,000 | -8,976,000,000 | -9,088,000,000 | -8,962,000,000 | -8,556,000,000 | -8,291,000,000 | -8,097,000,000 | -8,079,000,000 | -7,969,000,000 | -7,825,000,000 | -7,660,000,000 | -7,589,000,000 | -7,585,000,000 | -7,276,000,000 | -7,253,000,000 | -7,228,000,000 | |||||||||||||||||||||||||
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract liabilities, current | 6,384,000,000 | 6,233,000,000 | 6,219,000,000 | 6,107,000,000 | 5,460,000,000 | 5,652,000,000 | 5,727,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 2,126,000,000 | 2,105,000,000 | 2,258,000,000 | 2,020,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract liabilities, non-current | 5,554,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareowners' equity | 39,411,000,000 | 40,468,000,000 | 40,754,000,000 | 39,738,000,000 | 32,106,000,000 | 31,364,000,000 | 30,534,000,000 | 29,881,000,000 | 28,442,000,000 | 27,594,000,000 | 29,187,000,000 | 29,090,000,000 | 28,353,000,000 | 30,525,000,000 | 30,377,000,000 | 28,650,000,000 | 34,049,000,000 | 33,785,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 139,572,000,000 | 139,009,000,000 | 138,990,000,000 | 137,380,000,000 | 114,939,000,000 | 101,569,000,000 | 98,779,000,000 | 96,352,000,000 | 94,793,000,000 | 90,373,000,000 | 90,062,000,000 | 89,480,000,000 | 88,571,000,000 | 92,135,000,000 | 92,773,000,000 | 91,327,000,000 | 91,774,000,000 | 92,142,000,000 | 91,229,000,000 | 90,326,000,000 | 88,744,000,000 | 88,513,000,000 | 91,946,000,000 | 74,653,000,000 | 61,724,000,000 | 61,948,000,000 | 62,147,000,000 | 60,664,000,000 | 60,649,000,000 | 58,343,000,000 | 58,388,000,000 | 57,577,000,000 | 56,545,000,000 | 54,798,000,000 | ||||||||||||||||||||||||||||||||||||||||
inventories and contracts in progress | 9,068,000,000 | 8,979,000,000 | 8,938,000,000 | 10,083,000,000 | 9,860,000,000 | 9,386,000,000 | 9,081,000,000 | 8,747,000,000 | 8,507,000,000 | 8,453,000,000 | 10,295,000,000 | 10,336,000,000 | 10,341,000,000 | 9,896,000,000 | 10,992,000,000 | 10,765,000,000 | 10,232,000,000 | 10,161,000,000 | 10,467,000,000 | 8,502,000,000 | 8,366,000,000 | 8,617,000,000 | 8,795,000,000 | 8,827,000,000 | 8,430,000,000 | 8,083,000,000 | 8,172,000,000 | 8,086,000,000 | 8,539,000,000 | 8,601,000,000 | 9,011,000,000 | 9,082,000,000 | 9,075,000,000 | 8,101,000,000 | 8,550,000,000 | 7,974,000,000 | 7,508,000,000 | 7,197,000,000 | 6,856,000,000 | 6,472,000,000 | 5,964,000,000 | 5,874,000,000 | 5,298,000,000 | 4,622,000,000 | 4,442,000,000 | 4,495,000,000 | ||||||||||||||||||||||||||||
restricted cash | 9,205,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
future income tax benefits, current | 1,997,000,000 | 1,942,000,000 | 1,893,000,000 | 1,989,000,000 | 1,996,000,000 | 1,922,000,000 | 1,935,000,000 | 1,589,000,000 | 1,654,000,000 | 1,474,000,000 | 1,677,000,000 | 1,695,000,000 | 1,551,000,000 | 1,557,000,000 | 1,578,000,000 | 1,603,000,000 | 1,624,000,000 | 1,676,000,000 | 1,666,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 4,836,000,000 | 938,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 2,242,000,000 | 261,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets of discontinued operations | 1,884,000,000 | 1,989,000,000 | 1,941,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of discontinued operations | 405,000,000 | 917,000,000 | 771,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, current | 10,715,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net fixed assets | 6,278,000,000 | 6,179,000,000 | 6,130,000,000 | 6,441,000,000 | 6,550,000,000 | 6,477,000,000 | 6,053,000,000 | 5,875,000,000 | 5,759,000,000 | 5,576,000,000 | 5,586,000,000 | 5,677,000,000 | 5,513,000,000 | 5,187,000,000 | 5,160,000,000 | 4,873,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 966,000,000 | 979,000,000 | 898,000,000 | 876,000,000 | 873,000,000 | 955,000,000 | 899,000,000 | 688,000,000 | 872,000,000 | 743,000,000 | 700,000,000 | 658,000,000 | 639,000,000 | 579,000,000 | 498,000,000 | 378,000,000 | 361,000,000 | 407,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other non-shareowners’ changes in equity | -5,275,000,000 | -6,221,000,000 | -242,000,000 | 746,000,000 | 805,000,000 | -94,000,000 | -571,000,000 | -1,013,000,000 | 260,000,000 | 53,000,000 | -192,000,000 | -1,309,000,000 | -1,449,000,000 | -1,218,000,000 | -1,712,000,000 | -1,825,000,000 | -1,759,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareowners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in subsidiary companies | 962,000,000 | 957,000,000 | 984,000,000 | 912,000,000 | 864,000,000 | 885,000,000 | 854,000,000 | 801,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareowners’ equity | 56,810,000,000 | 58,486,000,000 | 57,053,000,000 | 54,575,000,000 | 53,497,000,000 | 50,557,000,000 | 48,583,000,000 | 49,596,000,000 | 49,166,000,000 | 47,031,000,000 | 46,068,000,000 | 44,791,000,000 | 40,535,000,000 | 37,631,000,000 | 36,692,000,000 | 35,928,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; authorized—250,000 shares; none issued or outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other non-shareowners’ changes in equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation | 1,355,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -771,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total accumulated other non-shareowners’ changes in equity | 584,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in subsidiary companies | 850,000,000 | 829,000,000 | 912,000,000 | 922,000,000 | 927,000,000 | 837,000,000 | 812,000,000 | 798,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 2,157,000,000 | 1,713,000,000 | 2,006,000,000 | 1,725,000,000 | 1,625,000,000 | 1,535,000,000 | 175,000,000 | 1,743,000,000 | 1,652,000,000 | 1,498,000,000 | 1,421,000,000 | 1,430,000,000 | 1,101,000,000 | 1,299,000,000 | 1,212,000,000 | 947,000,000 | 1,145,000,000 | 1,066,000,000 | 799,000,000 | 1,269,000,000 | 1,275,000,000 | 1,000,000,000 | 1,060,000,000 | 1,197,000,000 | 1,148,000,000 | 819,000,000 | 996,000,000 | 1,103,000,000 | 768,000,000 | 821,000,000 | 971,000,000 | 651,000,000 | 722,000,000 | 837,000,000 | 579,000,000 | |||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 1,071,000,000 | 1,159,000,000 | 1,091,000,000 | 1,076,000,000 | 1,052,000,000 | 1,139,000,000 | 1,094,000,000 | 1,072,000,000 | 1,059,000,000 | 1,059,000,000 | 1,074,000,000 | 1,044,000,000 | 1,034,000,000 | 1,048,000,000 | 1,047,000,000 | 999,000,000 | 1,014,000,000 | 1,144,000,000 | 1,158,000,000 | 1,132,000,000 | 1,123,000,000 | 1,153,000,000 | 1,164,000,000 | 859,000,000 | 980,000,000 | 967,000,000 | 922,000,000 | 942,000,000 | 593,000,000 | 592,000,000 | 581,000,000 | 543,000,000 | 527,000,000 | 512,000,000 | 496,000,000 | 494,000,000 | 466,000,000 | 443,000,000 | 479,000,000 | 479,000,000 | 483,000,000 | 468,000,000 | 467,000,000 | 452,000,000 | 439,000,000 | 444,000,000 | 422,000,000 | 305,000,000 | 320,000,000 | 346,000,000 | 344,000,000 | 333,000,000 | 342,000,000 | 339,000,000 | 327,000,000 | 316,000,000 | 303,000,000 | 306,000,000 | 326,000,000 | 326,000,000 | 319,000,000 | 310,000,000 | 308,000,000 | 277,000,000 | 278,000,000 | 252,000,000 | 256,000,000 | 264,000,000 | 265,000,000 | 237,000,000 | 226,000,000 | 230,000,000 | 252,000,000 | 262,000,000 |
deferred income tax provision | 26,000,000 | 191,000,000 | 477,000,000 | 54,000,000 | 67,000,000 | -546,000,000 | -601,000,000 | -317,000,000 | 22,000,000 | 153,000,000 | -152,000,000 | -367,000,000 | 485,000,000 | -25,000,000 | -15,000,000 | 21,000,000 | 25,000,000 | 3,000,000 | 42,000,000 | 222,000,000 | 393,000,000 | 109,000,000 | 65,000,000 | 74,000,000 | 134,000,000 | 119,000,000 | 180,000,000 | 145,000,000 | 82,000,000 | -8,000,000 | 44,000,000 | 3,000,000 | 18,000,000 | -148,000,000 | 159,000,000 | 41,000,000 | 168,000,000 | 124,000,000 | 13,000,000 | 9,000,000 | 14,000,000 | 206,000,000 | 12,000,000 | 17,000,000 | 20,000,000 | -21,000,000 | 91,000,000 | 84,000,000 | 38,000,000 | 106,000,000 | 93,000,000 | 19,000,000 | ||||||||||||||||||||||
stock compensation cost | 132,000,000 | 182,000,000 | 113,000,000 | 113,000,000 | 111,000,000 | 109,000,000 | 105,000,000 | 111,000,000 | 112,000,000 | 106,000,000 | 107,000,000 | 112,000,000 | 100,000,000 | 102,000,000 | 106,000,000 | 109,000,000 | 103,000,000 | 99,000,000 | 116,000,000 | 143,000,000 | 84,000,000 | 77,000,000 | 118,000,000 | 48,000,000 | 87,000,000 | 105,000,000 | 92,000,000 | 64,000,000 | 64,000,000 | 62,000,000 | 55,000,000 | 49,000,000 | 49,000,000 | 47,000,000 | 16,000,000 | 48,000,000 | 48,000,000 | 6,000,000 | 51,000,000 | 51,000,000 | 85,000,000 | 58,000,000 | 60,000,000 | 83,000,000 | 63,000,000 | 70,000,000 | 54,000,000 | 48,000,000 | 48,000,000 | 57,000,000 | 76,000,000 | 52,000,000 | 24,000,000 | 43,000,000 | 45,000,000 | 32,000,000 | 44,000,000 | 34,000,000 | 51,000,000 | 52,000,000 | 58,000,000 | 57,000,000 | 44,000,000 | 43,000,000 | 54,000,000 | 45,000,000 | 47,000,000 | 44,000,000 | 48,000,000 | 36,000,000 | 35,000,000 | |||
net periodic pension and other postretirement income | -313,000,000 | -324,000,000 | -334,000,000 | -326,000,000 | -328,000,000 | -338,000,000 | -391,000,000 | -386,000,000 | -390,000,000 | -388,000,000 | -351,000,000 | -348,000,000 | -354,000,000 | -360,000,000 | -341,000,000 | -358,000,000 | -357,000,000 | -358,000,000 | -88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based 401(k) matching contributions | 192,000,000 | 138,000,000 | 128,000,000 | 140,000,000 | 167,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 1,823,000,000 | -1,747,000,000 | -351,000,000 | -765,000,000 | -372,000,000 | -1,111,000,000 | 349,000,000 | 156,000,000 | 431,000,000 | -892,000,000 | -214,000,000 | 263,000,000 | -962,000,000 | 116,000,000 | 1,111,000,000 | -1,346,000,000 | 556,000,000 | -173,000,000 | -690,000,000 | 1,092,000,000 | -799,000,000 | 751,000,000 | -596,000,000 | 967,000,000 | 196,000,000 | -710,000,000 | -80,000,000 | 849,000,000 | -718,000,000 | -521,000,000 | -1,140,000,000 | -100,000,000 | -683,000,000 | -268,000,000 | 43,000,000 | -569,000,000 | -110,000,000 | -71,000,000 | 91,000,000 | -450,000,000 | 471,000,000 | -246,000,000 | -66,000,000 | 84,000,000 | -491,000,000 | 209,000,000 | 144,000,000 | -215,000,000 | 477,000,000 | 78,000,000 | -557,000,000 | -67,000,000 | 383,000,000 | -405,000,000 | -147,000,000 | 160,000,000 | 496,000,000 | 325,000,000 | 199,000,000 | -573,000,000 | -332,000,000 | 325,000,000 | -181,000,000 | -317,000,000 | -289,000,000 | 220,000,000 | -558,000,000 | 135,000,000 | 47,000,000 | -647,000,000 | -301,000,000 | 13,000,000 | -651,000,000 | -126,000,000 |
contract assets | -979,000,000 | -519,000,000 | -934,000,000 | -484,000,000 | -706,000,000 | 39,000,000 | -996,000,000 | -479,000,000 | -978,000,000 | 410,000,000 | 267,000,000 | -232,000,000 | -1,198,000,000 | 765,000,000 | -474,000,000 | -306,000,000 | -219,000,000 | -477,000,000 | -560,000,000 | -246,000,000 | -311,000,000 | -636,000,000 | 323,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
inventory | -813,000,000 | 483,000,000 | 182,000,000 | -384,000,000 | -813,000,000 | 231,000,000 | -344,000,000 | -715,000,000 | -646,000,000 | 326,000,000 | -108,000,000 | -602,000,000 | -720,000,000 | -141,000,000 | -401,000,000 | -446,000,000 | -587,000,000 | 220,000,000 | 76,000,000 | -20,000,000 | -113,000,000 | 523,000,000 | 439,000,000 | 157,000,000 | -707,000,000 | -395,000,000 | -411,000,000 | -697,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other current assets | -469,000,000 | -76,000,000 | -879,000,000 | 25,000,000 | -125,000,000 | -160,000,000 | -459,000,000 | 442,000,000 | -225,000,000 | -283,000,000 | -244,000,000 | -108,000,000 | -526,000,000 | -443,000,000 | -231,000,000 | -72,000,000 | -281,000,000 | -291,000,000 | -17,000,000 | -65,000,000 | -193,000,000 | -64,000,000 | -201,000,000 | 11,000,000 | -191,000,000 | -162,000,000 | 216,000,000 | -165,000,000 | -39,000,000 | 313,000,000 | -12,000,000 | 51,000,000 | 48,000,000 | -21,000,000 | -4,000,000 | 58,000,000 | -81,000,000 | 46,000,000 | -81,000,000 | -42,000,000 | -5,000,000 | 50,000,000 | 124,000,000 | -56,000,000 | -43,000,000 | -45,000,000 | -13,000,000 | 10,000,000 | 44,000,000 | -51,000,000 | -20,000,000 | 32,000,000 | -58,000,000 | 17,000,000 | -16,000,000 | -59,000,000 | -37,000,000 | 24,000,000 | -40,000,000 | 63,000,000 | -21,000,000 | 219,000,000 | -217,000,000 | -16,000,000 | -32,000,000 | -31,000,000 | -53,000,000 | 33,000,000 | -46,000,000 | -13,000,000 | 47,000,000 | -15,000,000 | ||
accounts payable and accrued liabilities | -1,155,000,000 | 1,322,000,000 | 2,237,000,000 | -538,000,000 | 397,000,000 | -819,000,000 | 1,082,000,000 | 1,463,000,000 | -218,000,000 | 594,000,000 | 3,571,000,000 | -639,000,000 | 490,000,000 | 777,000,000 | -811,000,000 | 2,425,000,000 | -316,000,000 | 492,000,000 | 1,158,000,000 | -1,271,000,000 | 538,000,000 | -800,000,000 | 529,000,000 | -1,077,000,000 | -318,000,000 | 1,147,000,000 | 530,000,000 | -588,000,000 | 1,034,000,000 | 1,434,000,000 | 576,000,000 | 428,000,000 | 968,000,000 | 468,000,000 | 202,000,000 | 702,000,000 | -130,000,000 | -5,000,000 | -347,000,000 | 264,000,000 | -233,000,000 | -111,000,000 | 262,000,000 | 153,000,000 | 529,000,000 | 395,000,000 | -36,000,000 | 680,000,000 | 64,000,000 | 238,000,000 | -111,000,000 | 635,000,000 | 344,000,000 | 312,000,000 | 522,000,000 | -162,000,000 | -142,000,000 | -480,000,000 | 137,000,000 | 310,000,000 | 694,000,000 | -288,000,000 | 441,000,000 | 333,000,000 | 1,075,000,000 | 144,000,000 | 342,000,000 | 503,000,000 | -172,000,000 | 745,000,000 | 532,000,000 | -32,000,000 | -18,000,000 | 680,000,000 |
contract liabilities | 94,000,000 | 1,444,000,000 | 986,000,000 | -30,000,000 | 373,000,000 | 676,000,000 | 684,000,000 | 566,000,000 | -54,000,000 | 1,893,000,000 | 174,000,000 | 32,000,000 | 223,000,000 | 1,130,000,000 | 25,000,000 | -259,000,000 | -50,000,000 | 1,289,000,000 | 128,000,000 | 11,000,000 | -56,000,000 | 775,000,000 | 153,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other operating activities | 89,000,000 | -70,000,000 | -97,000,000 | -162,000,000 | -147,000,000 | 159,000,000 | 103,000,000 | -29,000,000 | -15,000,000 | 90,000,000 | 36,000,000 | 251,000,000 | -68,000,000 | 233,000,000 | -107,000,000 | -256,000,000 | 91,000,000 | -254,000,000 | -222,000,000 | -185,000,000 | -151,000,000 | 490,000,000 | -216,000,000 | -112,000,000 | 157,000,000 | -307,000,000 | -829,000,000 | -437,000,000 | -98,000,000 | -360,000,000 | -363,000,000 | -544,000,000 | -243,000,000 | -376,000,000 | -10,000,000 | -330,000,000 | -162,000,000 | -88,000,000 | -394,000,000 | -179,000,000 | -197,000,000 | -28,000,000 | 63,000,000 | -300,000,000 | -170,000,000 | -190,000,000 | 47,000,000 | -134,000,000 | -269,000,000 | 28,000,000 | -84,000,000 | 81,000,000 | 16,000,000 | 297,000,000 | 130,000,000 | |||||||||||||||||||
net cash flows from operating activities | 1,855,000,000 | 4,165,000,000 | 4,639,000,000 | 458,000,000 | 1,305,000,000 | 2,523,000,000 | 2,733,000,000 | 342,000,000 | 661,000,000 | 2,490,000,000 | 2,111,000,000 | 1,500,000,000 | 1,762,000,000 | 2,102,000,000 | 453,000,000 | 1,538,000,000 | 1,310,000,000 | 1,959,000,000 | 1,258,000,000 | 1,361,000,000 | 1,676,000,000 | 1,400,000,000 | 1,154,000,000 | 1,853,000,000 | 1,540,000,000 | 485,000,000 | 1,835,000,000 | 1,418,000,000 | 888,000,000 | 1,383,000,000 | 1,449,000,000 | 453,000,000 | 1,361,000,000 | 812,000,000 | 975,000,000 | 1,155,000,000 | 1,188,000,000 | 846,000,000 | 950,000,000 | 1,101,000,000 | 790,000,000 | |||||||||||||||||||||||||||||||||
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -954,000,000 | -433,000,000 | -360,000,000 | -387,000,000 | -623,000,000 | -389,000,000 | -394,000,000 | -363,000,000 | -286,000,000 | -383,000,000 | -369,000,000 | -295,000,000 | -317,000,000 | -243,000,000 | -188,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flows | -998,000,000 | -436,000,000 | -379,000,000 | -392,000,000 | -658,000,000 | -421,000,000 | -417,000,000 | -599,000,000 | -2,513,000,000 | -292,000,000 | -348,000,000 | -1,010,000,000 | -298,000,000 | -230,000,000 | -198,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other intangible assets | -98,000,000 | -145,000,000 | -121,000,000 | -122,000,000 | -104,000,000 | -164,000,000 | -129,000,000 | -155,000,000 | -163,000,000 | -215,000,000 | -222,000,000 | -160,000,000 | -154,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipts (payments) from settlements of derivative contracts | 72,000,000 | -8,000,000 | 1,000,000 | 49,000,000 | 92,000,000 | -11,000,000 | 569,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | -36,000,000 | -36,000,000 | -24,000,000 | -49,000,000 | -14,000,000 | 103,000,000 | -66,000,000 | -13,000,000 | 41,000,000 | -44,000,000 | -15,000,000 | -9,000,000 | 80,000,000 | 177,000,000 | -26,000,000 | -45,000,000 | -12,000,000 | -20,000,000 | 15,000,000 | 40,000,000 | -10,000,000 | -21,000,000 | 12,000,000 | -21,000,000 | -61,000,000 | -115,000,000 | -72,000,000 | 23,000,000 | -89,000,000 | -37,000,000 | -9,000,000 | 54,000,000 | 12,000,000 | 51,000,000 | 63,000,000 | 22,000,000 | -100,000,000 | -70,000,000 | -3,000,000 | 170,000,000 | 170,000,000 | 114,000,000 | -85,000,000 | -100,000,000 | -170,000,000 | 38,000,000 | -15,000,000 | -82,000,000 | 80,000,000 | 18,000,000 | 73,000,000 | 18,000,000 | -34,000,000 | 67,000,000 | 140,000,000 | |||||||||||||||||||
net cash flows from investing activities | -608,000,000 | -549,000,000 | 471,000,000 | -509,000,000 | -678,000,000 | -715,000,000 | -733,000,000 | 693,000,000 | 173,000,000 | 41,000,000 | -799,000,000 | -432,000,000 | -1,619,000,000 | -7,000,000 | -333,000,000 | -327,000,000 | -1,092,000,000 | -2,552,000,000 | -174,000,000 | -96,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | -500,000,000 | -1,140,000,000 | -1,500,000,000 | -780,000,000 | -9,000,000 | -800,000,000 | 0 | -750,000,000 | -950,000,000 | -403,000,000 | -172,000,000 | -1,000,000 | 0 | -1,707,000,000 | -2,240,000,000 | -21,000,000 | -286,000,000 | -1,030,000,000 | -14,000,000 | -1,202,000,000 | -13,836,000,000 | -646,000,000 | -39,000,000 | -26,000,000 | -1,000,000 | -1,099,000,000 | -993,000,000 | 24,000,000 | -49,000,000 | -46,000,000 | -63,000,000 | -502,000,000 | -6,000,000 | -11,000,000 | 0 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||
dividends paid | -915,000,000 | -914,000,000 | -910,000,000 | -910,000,000 | -840,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -50,000,000 | -50,000,000 | -294,000,000 | -44,000,000 | -56,000,000 | -10,283,000,000 | -1,429,000,000 | -596,000,000 | -562,000,000 | -408,000,000 | -616,000,000 | -1,036,000,000 | -743,000,000 | -327,000,000 | -993,000,000 | -632,000,000 | -375,000,000 | 0 | 0 | 0 | -47,000,000 | -42,000,000 | -40,000,000 | -29,000,000 | -20,000,000 | -27,000,000 | -25,000,000 | -60,000,000 | -437,000,000 | -933,000,000 | -492,000,000 | -1,000,000,000 | 0 | -3,000,000,000 | -425,000,000 | -335,000,000 | -335,000,000 | -330,000,000 | -335,000,000 | -335,000,000 | -675,000,000 | -773,000,000 | -727,000,000 | -494,000,000 | -650,000,000 | -500,000,000 | -430,000,000 | -150,000,000 | -200,000,000 | -950,000,000 | -719,000,000 | -801,000,000 | -501,000,000 | -500,000,000 | -500,000,000 | -500,000,000 | -580,000,000 | -375,000,000 | -375,000,000 | -385,000,000 | -260,000,000 | -115,000,000 | -208,000,000 | -264,000,000 | -216,000,000 | ||||||
other financing activities | -425,000,000 | -94,000,000 | -69,000,000 | -85,000,000 | -185,000,000 | -181,000,000 | -29,000,000 | -32,000,000 | -210,000,000 | -127,000,000 | -33,000,000 | -39,000,000 | -118,000,000 | -86,000,000 | -43,000,000 | -23,000,000 | -263,000,000 | -115,000,000 | -68,000,000 | -110,000,000 | -161,000,000 | -66,000,000 | 14,000,000 | -31,000,000 | -68,000,000 | -72,000,000 | -52,000,000 | -101,000,000 | 14,000,000 | -28,000,000 | -46,000,000 | -74,000,000 | -88,000,000 | -42,000,000 | -188,000,000 | -65,000,000 | -85,000,000 | -128,000,000 | -82,000,000 | -42,000,000 | -116,000,000 | -68,000,000 | -38,000,000 | -85,000,000 | -86,000,000 | 3,000,000 | -191,000,000 | -224,000,000 | -78,000,000 | -221,000,000 | -32,000,000 | -60,000,000 | -110,000,000 | -63,000,000 | -80,000,000 | |||||||||||||||||||
net cash flows from financing activities | -1,840,000,000 | -2,154,000,000 | -3,923,000,000 | -353,000,000 | -1,056,000,000 | -1,158,000,000 | -1,584,000,000 | -2,007,000,000 | 1,362,000,000 | -230,000,000 | -879,000,000 | -913,000,000 | 1,318,000,000 | -1,624,000,000 | -313,000,000 | -299,000,000 | -311,000,000 | -1,355,000,000 | -37,000,000 | -484,000,000 | -976,000,000 | -589,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents | -6,000,000 | 4,000,000 | -10,000,000 | 38,000,000 | 16,000,000 | 23,000,000 | -4,000,000 | -8,000,000 | -15,000,000 | 18,000,000 | 1,000,000 | -37,000,000 | -35,000,000 | 15,000,000 | 84,000,000 | -94,000,000 | -81,000,000 | -25,000,000 | 41,000,000 | -93,000,000 | -137,000,000 | 119,000,000 | 113,000,000 | 26,000,000 | 69,000,000 | 18,000,000 | -7,000,000 | 17,000,000 | -95,000,000 | 5,000,000 | -53,000,000 | -41,000,000 | 22,000,000 | -40,000,000 | 24,000,000 | -35,000,000 | -18,000,000 | 62,000,000 | -87,000,000 | 50,000,000 | -97,000,000 | 34,000,000 | 76,000,000 | 98,000,000 | -43,000,000 | -9,000,000 | 90,000,000 | 86,000,000 | -110,000,000 | -79,000,000 | -3,000,000 | 78,000,000 | 28,000,000 | 65,000,000 | 53,000,000 | 19,000,000 | 32,000,000 | 24,000,000 | 6,000,000 | -4,000,000 | -25,000,000 | 2,000,000 | 20,000,000 | -17,000,000 | 3,000,000 | |||||||||
net decrease in cash, cash equivalents, and restricted cash | -599,000,000 | -366,000,000 | -413,000,000 | 412,000,000 | -980,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 7,470,000,000 | 0 | 0 | 5,606,000,000 | 0 | 0 | 6,626,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | 6,871,000,000 | 1,177,000,000 | -366,000,000 | 5,193,000,000 | 673,000,000 | 412,000,000 | 5,646,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: restricted cash, included in other assets, current and other assets | 53,000,000 | -3,000,000 | -7,000,000 | 9,000,000 | 36,000,000 | -21,000,000 | 2,000,000 | 8,000,000 | 39,000,000 | -2,000,000 | 0 | -12,000,000 | 53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 6,818,000,000 | 1,184,000,000 | -375,000,000 | 5,157,000,000 | 671,000,000 | 404,000,000 | 5,607,000,000 | 65,000,000 | -502,000,000 | 5,893,000,000 | 614,000,000 | -1,273,000,000 | 6,040,000,000 | -575,000,000 | -528,000,000 | 8,579,000,000 | 3,026,000,000 | -1,026,000,000 | 8,001,000,000 | 522,000,000 | 579,000,000 | 6,240,000,000 | 2,731,000,000 | 3,401,000,000 | 7,667,000,000 | -822,000,000 | 2,189,000,000 | 7,156,000,000 | 322,000,000 | -430,000,000 | 7,215,000,000 | -440,000,000 | 652,000,000 | 5,281,000,000 | 73,000,000 | 485,000,000 | 4,477,000,000 | -288,000,000 | 128,000,000 | 4,781,000,000 | 247,000,000 | -312,000,000 | 6,362,000,000 | 570,000,000 | 956,000,000 | 4,440,000,000 | 734,000,000 | 209,000,000 | 4,788,000,000 | 616,000,000 | 744,000,000 | 3,272,000,000 | 173,000,000 | 303,000,000 | 3,139,000,000 | -482,000,000 | 811,000,000 | 2,481,000,000 | 31,000,000 | 466,000,000 | 2,417,000,000 | 117,000,000 | 22,000,000 | 1,963,000,000 | 322,000,000 | 287,000,000 | 1,731,000,000 | |||||||
gain on sale of cybersecurity, intelligence and services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on customer financing assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipts from customer financing assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dispositions of businesses, net of cash transferred | 743,000,000 | 512,000,000 | 0 | 0 | 1,283,000,000 | 0 | 0 | 6,000,000 | 53,000,000 | 35,000,000 | 805,000,000 | 0 | 25,000,000 | 1,049,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from bridge loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of bridge loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in commercial paper | -997,000,000 | 3,000,000 | 897,000,000 | -427,000,000 | -1,549,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 351,000,000 | -216,000,000 | -1,200,000,000 | 3,015,000,000 | -1,049,000,000 | 646,000,000 | 525,000,000 | 574,000,000 | 70,000,000 | 11,938,000,000 | -825,000,000 | 2,198,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | 7,420,000,000 | 0 | 0 | 6,212,000,000 | 0 | 0 | 9,018,000,000 | 0 | 0 | 7,189,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid, net of amounts capitalized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid, net of refunds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net periodic pension income | -320,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of cybersecurity, intelligence and services (cis) business, net of transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipts from settlements of derivative contracts | 97,000,000 | 44,000,000 | 42,000,000 | -268,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in other short-term borrowings | -12,000,000 | -10,000,000 | 28,000,000 | -35,000,000 | -12,000,000 | 65,000,000 | -22,000,000 | 19,000,000 | 92,000,000 | -46,000,000 | 22,000,000 | -15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business, net of transaction costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from settlements of derivative contracts | -47,000,000 | -1,000,000 | -13,000,000 | -221,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 1,473,000,000 | -933,000,000 | 1,359,000,000 | 1,481,000,000 | 1,468,000,000 | 1,395,000,000 | 1,338,000,000 | 1,126,000,000 | 771,000,000 | 1,473,000,000 | 1,088,000,000 | 813,000,000 | 215,000,000 | 185,000,000 | 1,434,000,000 | 1,532,000,000 | 1,468,000,000 | 1,532,000,000 | 1,519,000,000 | 1,261,000,000 | 1,564,000,000 | 1,258,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income from continuing operations to net cash flows from operating activities from continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | 72,000,000 | -114,000,000 | 326,000,000 | -28,000,000 | -371,000,000 | -329,000,000 | 18,000,000 | -40,000,000 | 5,000,000 | -69,000,000 | -59,000,000 | -10,000,000 | -95,000,000 | -38,000,000 | -150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities from continuing operations | 4,711,000,000 | 3,316,000,000 | 719,000,000 | -863,000,000 | 4,628,000,000 | 778,000,000 | 1,286,000,000 | 476,000,000 | 3,161,000,000 | 1,932,000,000 | 1,326,000,000 | 723,000,000 | 1,370,000,000 | 1,622,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in businesses | 0 | -1,082,000,000 | 0 | 0 | -6,000,000 | -5,000,000 | -7,000,000 | -13,000,000 | -19,000,000 | -43,000,000 | -9,000,000 | -125,000,000 | -28,000,000 | -73,000,000 | -95,000,000 | 3,000,000 | -459,000,000 | -79,000,000 | -73,000,000 | -26,000,000 | -230,000,000 | -294,000,000 | -67,000,000 | -17,000,000 | -54,000,000 | -42,000,000 | -24,000,000 | -15,799,000,000 | -137,000,000 | -72,000,000 | -45,000,000 | -78,000,000 | -106,000,000 | -183,000,000 | -260,000,000 | -2,108,000,000 | -360,000,000 | -75,000,000 | -122,000,000 | -162,000,000 | -389,000,000 | -157,000,000 | -1,264,000,000 | -130,000,000 | -240,000,000 | -146,000,000 | -253,000,000 | -119,000,000 | -904,000,000 | -2,541,000,000 | -125,000,000 | -132,000,000 | -165,000,000 | -44,000,000 | ||||||||||||||||||||
(payments) receipts from settlements of derivative contracts | -108,000,000 | -118,000,000 | -33,000,000 | 171,000,000 | 353,000,000 | -639,000,000 | -181,000,000 | -113,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities from continuing operations | -978,000,000 | -859,000,000 | -623,000,000 | -579,000,000 | -938,000,000 | -755,000,000 | -618,000,000 | -518,000,000 | -1,225,000,000 | -378,000,000 | -343,000,000 | 582,000,000 | -809,000,000 | 2,096,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on common stock | -802,000,000 | -823,000,000 | -823,000,000 | -769,000,000 | -767,000,000 | -838,000,000 | -844,000,000 | -790,000,000 | -791,000,000 | -794,000,000 | -798,000,000 | -745,000,000 | -745,000,000 | -751,000,000 | -756,000,000 | -705,000,000 | -706,000,000 | -688,000,000 | -724,000,000 | -614,000,000 | -611,000,000 | -610,000,000 | -609,000,000 | -536,000,000 | -535,000,000 | -535,000,000 | -533,000,000 | -503,000,000 | -505,000,000 | -526,000,000 | -526,000,000 | -509,000,000 | -547,000,000 | -543,000,000 | -553,000,000 | -512,000,000 | -512,000,000 | -514,000,000 | -465,000,000 | -465,000,000 | -465,000,000 | -463,000,000 | -413,000,000 | -412,000,000 | -411,000,000 | -413,000,000 | -368,000,000 | -370,000,000 | -371,000,000 | -373,000,000 | -339,000,000 | -340,000,000 | -339,000,000 | -286,000,000 | -290,000,000 | -293,000,000 | -294,000,000 | -296,000,000 | -245,000,000 | -245,000,000 | -249,000,000 | -249,000,000 | -207,000,000 | -208,000,000 | -209,000,000 | -208,000,000 | -165,000,000 | -165,000,000 | -166,000,000 | |||||
net cash flows from financing activities from continuing operations | -2,618,000,000 | -2,377,000,000 | -628,000,000 | 1,096,000,000 | -2,849,000,000 | 617,000,000 | -1,882,000,000 | -1,745,000,000 | -1,544,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents from continuing operations | -11,000,000 | -69,000,000 | 56,000,000 | 23,000,000 | 43,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of cybersecurity, intelligence and services business, net of transaction costs | -415,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income from continuing operations to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment costs | -660,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net transfers to discontinued operations | -3,000,000 | -19,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | -44,000,000 | -3,000,000 | -19,000,000 | -5,000,000 | -35,000,000 | -32,000,000 | -23,000,000 | -236,000,000 | -2,227,000,000 | 91,000,000 | 21,000,000 | -715,000,000 | 19,000,000 | 13,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 0 | 0 | 0 | 0 | 402,000,000 | -51,000,000 | -345,000,000 | -8,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 44,000,000 | 3,000,000 | 19,000,000 | 5,000,000 | 35,000,000 | 32,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued operations | 7,000,000 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information(: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customer financing assets receipts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of long-term debt | 0 | 3,000,000 | 2,971,000,000 | 2,081,000,000 | 5,000,000 | 15,000,000 | -15,223,000,000 | 17,207,000,000 | 17,000,000 | 24,000,000 | 32,000,000 | 10,980,000,000 | 2,411,000,000 | 18,000,000 | 31,000,000 | -41,000,000 | -2,000,000 | 2,324,000,000 | 10,000,000 | -252,000,000 | 1,084,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
customer financing assets receipts (payments) | 14,000,000 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -514,000,000 | -345,000,000 | 603,000,000 | -1,249,000,000 | -1,772,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 6,291,000,000 | 0 | 0 | 7,853,000,000 | 0 | 0 | 8,832,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | -514,000,000 | 5,946,000,000 | 603,000,000 | -1,249,000,000 | 6,081,000,000 | -578,000,000 | -536,000,000 | 8,616,000,000 | 3,015,000,000 | -1,049,000,000 | 8,066,000,000 | 525,000,000 | 574,000,000 | 6,282,000,000 | 11,938,000,000 | 3,402,000,000 | 7,704,000,000 | -825,000,000 | 2,198,000,000 | 7,183,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
global pension contributions | -21,000,000 | -13,000,000 | -18,000,000 | -7,000,000 | -961,000,000 | -22,000,000 | -3,000,000 | -39,000,000 | -10,000,000 | -47,000,000 | -32,000,000 | -13,000,000 | -22,000,000 | -37,000,000 | -1,929,000,000 | -33,000,000 | -46,000,000 | -18,000,000 | -32,000,000 | -75,000,000 | -23,000,000 | -25,000,000 | -45,000,000 | -60,000,000 | -60,000,000 | -84,000,000 | -21,000,000 | -22,000,000 | -29,000,000 | -11,000,000 | -13,000,000 | -29,000,000 | -42,000,000 | |||||||||||||||||||||||||||||||||||||||||
cash acquired in raytheon merger | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution from discontinued operations | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents from discontinued operations | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash within assets related to discontinued operations, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: restricted cash, included in other assets | 17,000,000 | -11,000,000 | 24,000,000 | 41,000,000 | -5,000,000 | -3,000,000 | -8,000,000 | 37,000,000 | 1,000,000 | 37,000,000 | -3,000,000 | 9,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in collaboration intangible assets | -78,000,000 | -41,000,000 | -50,000,000 | -50,000,000 | -78,000,000 | -28,000,000 | -32,000,000 | -36,000,000 | -30,000,000 | -28,000,000 | -78,000,000 | -90,000,000 | -82,000,000 | -87,000,000 | -121,000,000 | -103,000,000 | -78,000,000 | -95,000,000 | -94,000,000 | -101,000,000 | -102,000,000 | -101,000,000 | -98,000,000 | -84,000,000 | -115,000,000 | -132,000,000 | -151,000,000 | -166,000,000 | -142,000,000 | -247,000,000 | -143,000,000 | -157,000,000 | -150,000,000 | |||||||||||||||||||||||||||||||||||||||||
customer financing assets payments | 12,000,000 | -19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in short-term borrowings | -23,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in short-term borrowings | 223,000,000 | 22,000,000 | -349,000,000 | 586,000,000 | -24,000,000 | 666,000,000 | 368,000,000 | -535,000,000 | 567,000,000 | 115,000,000 | -484,000,000 | 306,000,000 | 246,000,000 | 468,000,000 | 2,177,000,000 | 4,927,000,000 | -14,000,000 | -404,000,000 | -32,000,000 | 936,000,000 | 220,000,000 | 708,000,000 | -320,000,000 | 343,000,000 | -95,000,000 | -325,000,000 | -282,000,000 | 868,000,000 | -1,139,000,000 | 696,000,000 | 302,000,000 | 332,000,000 | 53,000,000 | -20,000,000 | -277,000,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from common stock issued under employee stock plans | 4,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 9,000,000 | -4,000,000 | 4,000,000 | 6,000,000 | 3,000,000 | 6,000,000 | 5,000,000 | 27,000,000 | 1,000,000 | 5,000,000 | 3,000,000 | 11,000,000 | 11,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 13,000,000 | 2,000,000 | 24,000,000 | 18,000,000 | 27,000,000 | 86,000,000 | 114,000,000 | 69,000,000 | 153,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
net transfer (to) from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in financing activities from continuing operations | -1,574,000,000 | -2,063,000,000 | -724,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: cash, cash equivalents and restricted cash for discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in short-term borrowings | 10,000,000 | -38,000,000 | -13,000,000 | -15,000,000 | -1,419,000,000 | -626,000,000 | -200,000,000 | 27,000,000 | -329,000,000 | -40,000,000 | -231,000,000 | -623,000,000 | -17,000,000 | 595,000,000 | -96,000,000 | -735,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash within assets related to discontinued operations, beginning of period | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in customer financing assets | -21,000,000 | -81,000,000 | -142,000,000 | -9,000,000 | -41,000,000 | -88,000,000 | -113,000,000 | -158,000,000 | -173,000,000 | -109,000,000 | -103,000,000 | -241,000,000 | -285,000,000 | -93,000,000 | -147,000,000 | -60,000,000 | -33,000,000 | -81,000,000 | -14,000,000 | -94,000,000 | -1,000,000 | 22,000,000 | -50,000,000 | 2,000,000 | -23,000,000 | -15,000,000 | -6,000,000 | -70,000,000 | -22,000,000 | -21,000,000 | -2,000,000 | 54,000,000 | -49,000,000 | -33,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||
canadian government settlement | 0 | 0 | -38,000,000 | 0 | 0 | -221,000,000 | 0 | 0 | -246,000,000 | 0 | 0 | -237,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in customer financing assets | 12,000,000 | 31,000,000 | -25,000,000 | 10,000,000 | 16,000,000 | 295,000,000 | -84,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dispositions of businesses | -19,000,000 | 2,341,000,000 | 1,000,000 | 0 | 133,000,000 | 5,000,000 | 1,059,000,000 | 35,000,000 | 18,000,000 | 24,000,000 | -5,000,000 | 98,000,000 | 34,000,000 | 16,000,000 | 6,000,000 | 8,000,000 | 158,000,000 | 88,000,000 | 33,000,000 | 123,000,000 | 166,000,000 | 553,000,000 | 746,000,000 | 78,000,000 | 232,000,000 | 52,000,000 | 237,000,000 | 98,000,000 | 49,000,000 | 68,000,000 | 91,000,000 | 41,000,000 | 63,000,000 | 185,000,000 | 54,000,000 | 31,000,000 | 108,000,000 | 28,000,000 | 32,000,000 | 130,000,000 | 130,000,000 | 186,000,000 | 29,000,000 | 3,000,000 | 300,000,000 | 5,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | |||||||||||||||||||||||||
distribution from discontinued operation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in discontinued operations | 0 | -23,000,000 | -230,000,000 | -2,227,000,000 | 91,000,000 | 423,000,000 | -766,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment loss | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net transfers (to) from discontinued operations | -32,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: restricted cash | -11,000,000 | -23,000,000 | 65,000,000 | 3,000,000 | -5,000,000 | 42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net periodic pension and other postretirement benefit | -87,000,000 | -136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from operations | 14,000,000 | 1,257,000,000 | 1,999,000,000 | 1,425,000,000 | 1,349,000,000 | 2,139,000,000 | 1,368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income from operations to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract assets, current | -220,000,000 | -8,000,000 | -276,000,000 | -215,000,000 | -275,000,000 | -200,000,000 | -417,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract liabilities, current | 353,000,000 | 13,000,000 | 10,000,000 | 371,000,000 | -127,000,000 | -212,000,000 | 652,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in investing activities | -1,283,000,000 | -823,000,000 | -394,000,000 | -781,000,000 | 738,000,000 | -976,000,000 | 9,000,000 | -106,000,000 | -201,000,000 | -327,000,000 | -235,000,000 | -2,124,000,000 | -204,000,000 | -306,000,000 | -221,000,000 | -160,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
portfolio separation tax cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of taylor company | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in financing activities | -689,000,000 | -1,077,000,000 | 699,000,000 | -910,000,000 | -162,000,000 | -1,384,000,000 | -1,123,000,000 | -576,000,000 | -1,209,000,000 | -377,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories and contracts in progress | -29,000,000 | -331,000,000 | -631,000,000 | -183,000,000 | -412,000,000 | -654,000,000 | -357,000,000 | -188,000,000 | -319,000,000 | -614,000,000 | -3,000,000 | -453,000,000 | -554,000,000 | -79,000,000 | -712,000,000 | -487,000,000 | -228,000,000 | -746,000,000 | -113,000,000 | -330,000,000 | -719,000,000 | -83,000,000 | -11,000,000 | -818,000,000 | -279,000,000 | -142,000,000 | -511,000,000 | 465,000,000 | 184,000,000 | -504,000,000 | -250,000,000 | -19,000,000 | -803,000,000 | 505,000,000 | -417,000,000 | -353,000,000 | -846,000,000 | -288,000,000 | -319,000,000 | -781,000,000 | -134,000,000 | -253,000,000 | -289,000,000 | -172,000,000 | 259,000,000 | -249,000,000 | ||||||||||||||||||||||||||||
proceeds from sale of investments in watsco, inc. | 0 | 0 | 596,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash, cash equivalents and restricted cash | -1,314,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities of continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income from continuing operations to net cash flows from operating activities of continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities of continuing operations | -29,000,000 | 2,146,000,000 | 993,000,000 | 1,965,000,000 | 1,776,000,000 | 795,000,000 | 1,948,000,000 | 1,742,000,000 | 1,335,000,000 | 1,543,000,000 | 1,939,000,000 | 1,409,000,000 | 1,625,000,000 | 1,714,000,000 | 1,312,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities of continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in investing activities of continuing operations | -668,000,000 | -851,000,000 | -139,000,000 | -507,000,000 | -5,723,000,000 | -12,160,000,000 | -112,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities of continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in financing activities of continuing operations | -1,231,000,000 | -848,000,000 | -995,000,000 | -1,019,000,000 | -837,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities of continuing operations | 877,000,000 | -929,000,000 | -1,110,000,000 | 2,038,000,000 | -1,239,000,000 | 4,609,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows used in operating activities of discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(repayment) issuance of long-term debt | -27,000,000 | -571,000,000 | 10,000,000 | -27,000,000 | -33,000,000 | -89,000,000 | -46,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock issuance - equity unit remarketing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 322,000,000 | -430,000,000 | 140,000,000 | -440,000,000 | 652,000,000 | 46,000,000 | 73,000,000 | -288,000,000 | 128,000,000 | -55,000,000 | 247,000,000 | -312,000,000 | 402,000,000 | 570,000,000 | 956,000,000 | 357,000,000 | 734,000,000 | 209,000,000 | 339,000,000 | 616,000,000 | 744,000,000 | -1,055,000,000 | 173,000,000 | 303,000,000 | 235,000,000 | 94,000,000 | -482,000,000 | 811,000,000 | -65,000,000 | 31,000,000 | 466,000,000 | 170,000,000 | 117,000,000 | 22,000,000 | -302,000,000 | 322,000,000 | 287,000,000 | 108,000,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 0 | 0 | 7,075,000,000 | 0 | 0 | 5,235,000,000 | 0 | 0 | 4,619,000,000 | 0 | 0 | 4,836,000,000 | 0 | 0 | 5,960,000,000 | 0 | 0 | 4,083,000,000 | 0 | 0 | 4,449,000,000 | 0 | 0 | 4,327,000,000 | 0 | 0 | 2,904,000,000 | 0 | 0 | 0 | 2,546,000,000 | 0 | 0 | 2,247,000,000 | 0 | 0 | 2,265,000,000 | 0 | 0 | 1,623,000,000 | ||||||||||||||||||||||||||||||||||
less: cash and cash equivalents of businesses held for sale | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in customer financing assets | 22,000,000 | -1,000,000 | 14,000,000 | 11,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities of continuing operations | -483,000,000 | -431,000,000 | -442,000,000 | -231,000,000 | 339,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 1,952,000,000 | 1,790,000,000 | 1,306,000,000 | 1,526,000,000 | 1,645,000,000 | 1,352,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash flows from operating activities of continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance (repayment) of long-term debt | 1,000,000 | 6,000,000 | 14,000,000 | -496,000,000 | -1,106,000,000 | 2,212,000,000 | -3,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -142,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents of continuing operations, end of period | 4,477,000,000 | -288,000,000 | 142,000,000 | 4,767,000,000 | 276,000,000 | -319,000,000 | 6,285,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | -5,437,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
global pension contributions* | -177,000,000 | -438,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under employee stock plans | 322,000,000 | 18,000,000 | 120,000,000 | 28,000,000 | 79,000,000 | 89,000,000 | 49,000,000 | 63,000,000 | 99,000,000 | 111,000,000 | 65,000,000 | 36,000,000 | 29,000,000 | 60,000,000 | 42,000,000 | 43,000,000 | 108,000,000 | 143,000,000 | 121,000,000 | 43,000,000 | 111,000,000 | 104,000,000 | 58,000,000 | 76,000,000 | 86,000,000 | 89,000,000 | 44,000,000 | 119,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
less: cash and cash equivalents of discontinued operations | -29,000,000 | 7,000,000 | 77,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareowners | 1,324,000,000 | 1,318,000,000 | 1,012,000,000 | 1,198,000,000 | 1,110,000,000 | 866,000,000 | 1,058,000,000 | 976,000,000 | 722,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in subsidiaries’ earnings | 97,000,000 | 112,000,000 | 89,000,000 | 101,000,000 | 102,000,000 | 81,000,000 | 87,000,000 | 90,000,000 | 77,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
domestic pension contributions | -150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -3,000,000 | 50,000,000 | 49,000,000 | 18,000,000 | -49,000,000 | -271,000,000 | -78,000,000 | 34,000,000 | -364,000,000 | -50,000,000 | -115,000,000 | 41,000,000 | 370,000,000 | 10,000,000 | 5,000,000 | 236,000,000 | 271,000,000 | -104,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in subsidiaries’ earnings | 101,000,000 | 100,000,000 | 79,000,000 | 78,000,000 | 78,000,000 | 75,000,000 | 93,000,000 | 72,000,000 | 68,000,000 | 53,000,000 | 72,000,000 | 72,000,000 | 60,000,000 | 61,000,000 | 61,000,000 | 52,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends to minority interests and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities include: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions of utc common stock of 150 during each of 2007 and 2006 to domestic defined benefit pension plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
voluntary contributions to global pension plans* | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
voluntary contributions to global pension plans | -200,000,000 | -100,000,000 | -65,000,000 | -201,000,000 | -50,000,000 | -308,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from (used) in financing activities |